Cost of living increase 20227/31/2023 ![]() Question: "How easy or difficult has it been to pay your usual household bills in the last month, compared to a year ago?" Figure 2: Around 1 in 3 (34%) adults living in the most deprived areas reported it was difficult or very difficult to pay their usual household bills in the last month, compared with a year ago All adults in England, 3 to 14 November 2021 and 16 to 27 March 2022 Income is one of the measures used to determine deprivation, and data from the Living Costs and Food Survey (LCF) show housing, fuel and power is the least income-elastic category of spending. ![]() While rising household bills will affect most households across the country, they are more likely to disproportionately affect those in the most deprived areas. The Index of Multiple Deprivation (PDF, 2.18MB) is a composite measure of living standards, see Glossary for more detail. This compares with an increase of 7 percentage points in the least deprived areas of England, increasing from 10% to 17%. In March (16 to 27 March 2022), the proportion of adults living in the most deprived areas of England who reported that they found it difficult or very difficult to pay their usual household bills, was 9 percentage points higher than in November 2021 (3 to 14 November 2021), increasing from 25% to 34%. During 16 to 27 March 2022, 23% of adults found it very difficult or difficult to pay usual household bills in the last month compared with a year ago, up from 17% in the period 3 to 14 November 2021. ![]() Higher energy and housing costs have resulted in more adults reporting some difficulty in paying usual household bills compared with a year ago. Of adults currently paying off a mortgage and/or loan, or rent, or shared ownership, 30% reported that it was very or somewhat difficult to afford housing costs, and 3% claimed to be behind on rent or mortgage payments, in March 2022 (16 to 27 March 2022).Īmong all adults, 17% reported borrowing more money or using more credit than they did a year ago, in March 2022 (16 to 27 March 2022).Īmong all adults, 43% reported that they would not be able to save money in the next 12 months, in March 2022 (16 to 27 March 2022) this is the highest this percentage has been since this question was first asked in March 2020 (27 March to 6 April 2020). Nearly a quarter (23%) of adults reported that it was very difficult or difficult to pay their usual household bills in the last month, compared with a year ago, in March 2022 (16 to 27 March 2022) an increase from 17% in November 2021 (3 to 14 November 2021).įocusing on the latest period, among those who pay energy bills, around 4 in 10 (43%) reported that it was very or somewhat difficult to afford their energy bills in March 2022 (16 to 27 March 2022). ![]() Around 9 in 10 (87%) adults reported an increase in their cost of living over the previous month in March 2022 (16 to 27 March 2022), an increase of 25 percentage points compared with around 6 in 10 (62%) adults in November 2021 (3 to 14 November 2021). ![]()
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