- Only 1 in 10 residents saw an increase that was in line with or above inflation
- This means that 89% of residents have seen an actual or equivalent reduction in their income in relation to recent inflation levels (currently more than 10%, November 2022)
In the last 12 months, have your income/ earnings...?
Weighted base: 1,692
Key differences by demographic
Younger residents are the most likely to have received an increase in their income/ earnings either in line with inflation (16-34 year olds), or above inflation (for those aged 25-34)
Over half of residents without a disability have seen an increase in their income/ earnings whilst the equivalent figure is just 33% for residents with a disability
There is a clear correlation between household income and income/ earnings increasing; the more affluent a household is the more likely it is to have seen a favourable increase in income/ earnings