What the ONS Family Spending Survey Reveals

In February the Office for National Statistics (ONS) released the 2016 Family Spending Survey. This statistics are designed to provide some insight into the financial habits of UK households, showing what we spend our income one. The most recent survey makes for some very interesting reading. Average weekly household spending hasn’t changed The figures in the ONS survey show that household spending remained pretty stable. The average household spend across the UK was £528.90 per week at the end of the 2016 financial year. Spending priorities depend on earnings Those households with a lower income spend a larger percentage of that income on food and energy costs. In comparison, in households with higher incomes, a much smaller proportion of expenditure goes on what most would consider to be the basics – warmth, food and light. The ‘clean living’ trend is real Brits are starting to move towards healthier ways of living if our spending habits are anything to go by. The ONS figur
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