£3 a week increase in discretionary household income for UK families says Asda Income Tracker

• The average UK family had £155 a week of disposable income in February 2013, up £3 on the same month last year but still £4 lower than February 2011
• Falling unemployment was the largest contributor to the rise in disposable income, with 590,000 more people in employment over the last 12 months
• Rising cost of energy continues to put pressure on household budgets, with the price of gas up 7.2 per cent year-on-year
• The increasing cost of living remains a huge concern for families: mums say the issue is three times as pressing as youth unemployment and four times as pressing as violent crime

The latest Asda Income Tracker has revealed that family-spending power increased by £3 a week in February 2013, meaning disposable income has not fallen year-on-year since March 2012.

According to the latest figures, released today (Thursday 21st March), the average UK family had £155 of weekly disposable income available to them in February 2013 – £3 more than the same month last year, but £4 lower than in February 2011.

This slight improvement in disposable income was mainly driven by an increase in the level of employment over the last 12 months. The number of people in work rose by 590,000 over the course of the year to 29.7 million.

 

Please see full report on Asda’s website