Lloyds Bank

Spending Power Report

15 October 2012

  • Real discretionary spending power growth fell to -0.9% in September as income growth dropped back into negative territory.
  • On average, this equates to almost £8 a month less to spend on non-essential items.
  • Annual income growth fell to its lowest level since December 2010 at 1.7%.  In real terms annual income growth decreased to -1.2%.
  • Annual growth in essential spending remained resilient, dropping 0.1 percentage point to 3.3% compared to August.
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