Spending Power Report
18 September 2012
- Discretionary spending power growth rose to 2.2% in August as income growth remained resilient.
- On average, this equates to almost £245 a year more to spend on non-essential items.
- Annual income growth rose to its highest level since the index began in June 2010 at 4%. In real terms, after inflation has been applied, income growth remained positive at 1.9%.
- Annual growth in essential spending remained steady at 3.2%.