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Consumer sentiment towards the economy has improved and the gap between those who describe the economy as good (25%) and those who describe it as poor (38%) has narrowed, but this improvement appears to have slowed down in the last few months.
Currently 35% say they expect the economy to improve in the next year and 24% expect it to get worse.
As pension reform passes through Parliament, Which?'s tracking gives the latest data on how consumers feel about retirement.
Six in 10 people are worried about the value of their pension and many are lacking confidence they will have enough for retirement. Twice as many consumers (who are not yet retired) lack confident they will have enough to live comfortably in retirement (60%) than those who are confident (28%).
Just 44% of working age people say they are currently saving into a pension.
How many people are cutting back spending on essentials?
Which?'s Lived Inflation Index shows that private renters, low income households and younger age groups are experiencing above average inflation and are spending a greater proportion of their household budgets on essentials.
While overall CPI is currently 1.3%, private renters are experiencing an inflation rate of 1.7%, under 30s an inflation rate of 1.6% and the lowest incomes a rate of 1.5%.
Expectations for the economy
How many people think the UK economy will get better in the next year?
Energy prices have outstripped inflation with an average increase of 137% in the last ten years, compared to 27% CPI. This means that, although consumers are using 17% less energy now they are paying on average £410 extra on their energy bills, after inflation, compared to ten years ago.
Prices on fuel and food have increased substantially above inflation – with prices rising by 80% and 42% respectively in the last ten years.