- UK families were £1 a week better off in November 2012 compared to the same month a year earlier, but £12 less than two years ago
- The average UK household had £146 a week of discretionary income in November 2012, 0.6% up on the year before
- Although this is the sixth consecutive month of annual growth, it is a slowdown from the £4 year-on-year boost seen in September
- As many as 1 in 10 workers are estimated to be underemployed, or working fewer hours than desired and as such, earnings growth is slow
The latest Asda Income Tracker has revealed that family spending power improved for the sixth consecutive month in November, but at a much slower rate than seen previously.
The past six months of rising real discretionary incomes follows 19 months in a row of real discretionary income declines previously. The latest figures show the average UK family had £146 of weekly disposable income available to them in November 2012 – £1 a week better off than the same month last year.
Despite the rise, when the month is put in context over two years UK families are still £12 a week down on disposable income available in 2010 – it’s clear that budgets are still under pressure and robust growth in family spending power remains elusive. Read more and download the full report