Disposable incomes at 9 year low

Graham_Devon

Individuals had less disposable income to spend on average in the first three months of the year than during any quarter since 2003.

Disposable income per head, taking inflation into account, fell by 1% on the previous quarter, the Office for National Statistics (ONS) said.

This measure of income is the amount of cash individuals have to spend after tax.

Meanwhile, savings levels dropped as families felt the squeeze.

http://www.bbc.co.uk/news/business-19060716

Higher living costs should sort it. :undecided

Theres cheer everytime commidity prices go up, as thats seen as good news for growth, or policies working. Cheer as oil goes up, as it's linked to growth. Cheer as house prices and rents go up as thats linked to greedy troughers. Meanwhile, disposable income just keeps falling....as it would do with increasing prices but no increase in wages.

Everytime they wrap the EU in another bandage, prices of commodities increase.

wotsthat

Graham_Devon wrote: »

Theres cheer everytime commidity prices go up, as thats seen as good news for growth, or policies working. Cheer as oil goes up, as it's linked to growth. Cheer as house prices and rents go up as thats linked to greedy troughers. Meanwhile, disposable income just keeps falling....as it would do with increasing prices but no increase in wages.

Some people cheer double dip recessions and others have even started to get excited about a triple dip.

Recessions generally aren't good for disposable incomes.

quantic

I always thought disposable cash was what your left after tax and bills, profit if you like. Not what your left after just tax?

Wookster

Yeah but that's ok cause you know house prices are set to take off so we'll all be rich and live happily ever after.



Ahem.

Graham_Devon

quantic wrote: »

I always thought disposable cash was what your left after tax and bills, profit if you like. Not what your left after just tax?

Depends who's measuring it really.

I've seen both referenced. This one suggests the average person has just £273 per week to pay for everything.

somethingcorporate

Not much more than minimum wage? Doesn't make that much sense given average wage figures. I guess if you include people surviving on benefits it may be lower. Again, depends on what you mean by average.

chewmylegoff

quantic wrote: »

I always thought disposable cash was what your left after tax and bills, profit if you like. Not what your left after just tax?

that's what i always thought, but having made this point on another thread about this sort of thing a couple of months ago, it was pointed out to me that if you put it into google you will find that pretty much every definition is what is left after tax and before bills.

RenovationMan

wotsthat wrote: »

Some people cheer double dip recessions and others have even started to get excited about a triple dip.

Recessions generally aren't good for disposable incomes.

I've never seen such excitement and glee about the country doing badly. One wonders if these people are watching the Olympics wearing "Anyone But Britain" T-Shirts.

FTBFun

RenovationMan wrote: »

I've never seen such excitement and glee about the country doing badly. One wonders if these people are watching the Olympics wearing "Anyone But Britain" T-Shirts.

That's because people doing badly = I can buy a cheap house soon.

That's it, there's no altruistic reason here.

Percy1983

Ironically I have the highest disposable income now compared to the last 9 years.

Graham_Devon

I fail to see where the cheer is in my opening post! Anyway, if it's a way to dismiss reality...fair do's!