Lloyds Bank

Spending Power Report

18 September 2012

  • Discretionary spending power growth rose to 2.2% in August as income growth remained resilient.
  • On average, this equates to almost £245 a year more to spend on non-essential items.
  • Annual income growth rose to its highest level since the index began in June 2010 at 4%.  In real terms, after inflation has been applied, income growth remained positive at 1.9%.
  • Annual growth in essential spending remained steady at 3.2%.
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