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Cost of living

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Income, spending and wealth - how do you compare?

2 replies

dinosaursanddiggers · 29/01/2023 20:06

I know lots of people ask "is this normal spending" etc and I stumbled on this while browsing to answer that question -www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/articles/incomespendingandwealthhowdoyoucompare/2022-03-09

Answer: my spending is way over what it should be, so unfortunately hubby was right 🙄

OP posts:
BigSkies2022 · 01/02/2023 14:28

Ooh, thanks for the link. I'm very money/budget focused at the moment, so was very interested to see that our income, wealth and spending all sit in the same percentile. Ideally, I would like to see our spending fall out of step i.e - behind - with our income and will continue to press down on regular expenditure. But, tbh, since often my saving is with the short term objective of paying for the next nice thing/experience, rather than accumulating wealth, I am never going to be the richest person in the graveyard.

FourTeaFallOut · 01/02/2023 14:31

Before you concede defeat, the information is collated from the 2021 census in the hazy days of electricity at 16p/kWh gas at 2.2p/kwh, Branston beans were 50p and Lurpak and chicken wasn't imprisoned in supermarket chainmail.

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