Story perspectives
Disposable Income Plummets Amid Rising Essential Costs
10/3/2025
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Story summary
- Disposable income per person fell £40 from December 2019 to July 2024, historic low.
- Essential expenses rose faster than inflation since 2019, worsening living standards for lower earners.
- Since Labour took office in July 2024, disposable income rose £41 per person but remains below start of 2025.
- Analysts project £45 lower by September 2029 compared with when Labour took power.
