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UK family spending at £517.30 per week


UK family spending stands at £517.30 a week, which is still less than pre financial crisis spending when inflation is taken into account. This has risen from £501 in 2012.

The Family Spending Survey completed by the Office of National Statistics showed that the average UK household spending stood at £539.80 in 2006, after taking the rising cost of living into account. The figures show that families are still watching their spending, or simply have less money to spend, after the 2008 financial crisis.

On average, families spent the most money on rent, fuel and power at £74.40 a week, excluding mortgage interest payments. A rise in gas and electricity prices have driven up spending this year. Families also covered transport costs, which came to £70.40 on average. Recreation and culture spending, which includes package holidays, TV’s, computers and books stood at £63.90, and average weekly spending on food and non-alcoholic drinks stood at £58.80, of which £15.60 a week was spent on meat and fish.

The divide between rich and poor is also clear, with the lowest-earning 10% of households spending an average of £189.80 a week.
This compared with an average of £1,119.50 a week for the 10% of highest-earning households in the UK.

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