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Find free, independent and practical advice about caring for older people across the UK
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The latest tracker data for our interactive map suggests more severe financial distress is being experienced by those in Northern regions, Scotland and London.
More specifically, Glasgow has four of the ten most financially distressed parliamentary constituencies in the UK. With the exceptions of Cheadle and Sutton Coldfield, the top ten least squeezed parliament constituencies are all in the South-East region.
Headline inflation currently stands at 1.6% (CPI), however Which? analysis has found this differs for types of household. Consumers in the private rental market are experiencing higher inflation (1.9%) than those who own their house outright (1.4%). These differences might seem small, but they matter. A difference of just 0.1 percentage points from the headline CPI rate means that prices are growing 6.25% faster or slower than the average CPI rate. We see that there is a 35% difference in the inflation between those experiencing the highest (1.4%) and lowest inflation (1.9%).
How many people are cutting back spending on essentials?
The price of energy is the top worry for consumers with three in every four people worried about energy prices. 73% of consumers are worried about fuel prices. 68% are concerned about the price of food.
Top consumer worries
How many people think the UK economy will get better in the next year?
Scottish consumers are more pessimistic about the UK economy than the UK as a whole. 34% think it will get worse in the next year compared to a UK average of 22%. Scottish consumers are less likely to think the economy performing well now, 23% think it’s in a good state compared to 28% in the UK overall.
Scottish consumers are more likely to be dissatisfied with their standard of living. 24% of Scottish consumers are dissatisfied with their household’s standard of living, compared to 19% on average.
Read the Which? Scottish Consumer Report for more detail on the Scottish consumer experience.
Consumer spending has increased in the last year. ONS Consumer Trends data show an increased volume of purchases, especially non-essential items including recreation and transport, in each quarter since the start of 2013.
At the same time the Which? Consumer Insight Tracker shows fewer consumers cutting back their spending. In particular fewer consumers are cutting back their spending on transport, alcohol and tobacco and holidays.