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Summary
  • The rising cost of living is still causing widespread concern amongst residents (76% are ‘very/ quite concerned’, the same proportion as in wave six)
  • Concern is more prevalent amongst those aged 16-24 (and generally decreases with age), residents from ethnic minority groups, those earning less than £20k, those with disabilities, renters, and those with children under 16

 

Are you concerned about the current cost of living overall in relation to your ability to manage your finances?

Total sample

Weighted base: W5: 2,049 | W6: 1,235 | W7: 1,464

In Wave 5, 34% of respondents were very concerned about the cost of living, 46% were quite concerned, 11% were neither concerned nor not concerned, 7% were not very concerned, and 2% were not at all concerned.
In Wave 6, 25% were very concerned, 51% were quite concerned, 14% were neither concerned nor not concerned, 7% were not very concerned, and 2% were not at all concerned.
In Wave 7, 30% were very concerned, 46% were quite concerned, 14% were neither concerned nor not concerned, 8% were not very concerned, and 2% were not at all concerned.

By age

Weighted base: 16-24: 278 | 25-34: 268 | 35-44: 236 | 45-54: 218 | 55-64: 201 | Over 64: 264

By age group:
Among those aged 16–24, 24% were very concerned, 62% were quite concerned, and 14% were neither concerned nor not concerned.
Among those aged 25–34, 41% were very concerned, 39% were quite concerned, 10% were neither concerned nor not concerned, and 11% were not very concerned.
Among those aged 35–44, 28% were very concerned, 53% were quite concerned, 11% were neither concerned nor not concerned, 5% were not very concerned, and 3% were not at all concerned.
Among those aged 45–54, 34% were very concerned, 41% were quite concerned, 14% were neither concerned nor not concerned, 11% were not very concerned, and 1% were not at all concerned.
Among those aged 55–64, 25% were very concerned, 43% were quite concerned, 16% were neither concerned nor not concerned, 12% were not very concerned, and 4% were not at all concerned.
Among those aged over 64, 27% were very concerned, 37% were quite concerned, 22% were neither concerned nor not concerned, 9% were not very concerned, and 5% were not at all concerned.

By disability

Weighted base: Disability: 293 | No disability: 1,171

By disability:
Among those with a disability, 34% were very concerned, 47% were quite concerned, 15% were neither concerned nor not concerned, 3% were not very concerned, and 1% were not at all concerned.
Among those without a disability, 29% were very concerned, 46% were quite concerned, 14% were neither concerned nor not concerned, 9% were not very concerned, and 2% were not at all concerned.

By ethnic group

Weighted base: White: 1,266 | Ethnic minority: 198

By ethnic group:
Among White respondents, 25% were very concerned, 49% were quite concerned, 16% were neither concerned nor not concerned, 8% were not very concerned, and 2% were not at all concerned.
Among ethnic minority respondents, 59% were very concerned, 30% were quite concerned, 5% were neither concerned nor not concerned, 5% were not very concerned, and 1% were not at all concerned.

By household income

Weighted base: Up to £19,999: 189 | £20,000 - £39,999: 395 | £40,000 - £59,999: 257 | £60,000 or more: 381

This chart shows that:
By household income:
Up to £19,999: 42% were very concerned, 46% were quite concerned, 9% were neither concerned nor not concerned, 2% were not very concerned, and 0.4% were not at all concerned.
£20,000–£39,999: 36% were very concerned, 45% were quite concerned, 13% were neither concerned nor not concerned, 5% were not very concerned, and 1.5% were not at all concerned.
£40,000–£59,999: 35% were very concerned, 37% were quite concerned, 18% were neither concerned nor not concerned, 8% were not very concerned, and 1.8% were not at all concerned.
£60,000 or more: 21% were very concerned, 44% were quite concerned, 16% were neither concerned nor not concerned, 15% were not very concerned, and 4% were not at all concerned.

By housing status

Weighted base: Property owners: 847 | LA renters: 70 | HA renters: 36 | Private renters: 347

This chart shows that:
By housing status:
Property owners: 24% were very concerned, 44% were quite concerned, 17% were neither concerned nor not concerned, 12% were not very concerned, and 3% were not at all concerned.
Local authority renters: 38% were very concerned, 55% were quite concerned, 3% were neither concerned nor not concerned, 3% were not very concerned, and 1% were not at all concerned.
Housing association renters: 78% were very concerned, 15% were quite concerned, 5% were neither concerned nor not concerned, 1% were not very concerned, and 1% were not at all concerned.
Private renters: 42% were very concerned, 40% were quite concerned, 17% were neither concerned nor not concerned, and 1% were not very concerned.

By children in household

Weighted base: 0-4 years: 89 | 5-15 years: 256 | 16-18 years: 61 | No children: 1,071

This chart shows that:
By children in household:
Children aged 0–4: 49% were very concerned, 40% were quite concerned, 5% were neither concerned nor not concerned, 5% were not very concerned, and 1% were not at all concerned.
Children aged 5–15: 48% were very concerned, 33% were quite concerned, 13% were neither concerned nor not concerned, 4% were not very concerned, and 2% were not at all concerned.
Children aged 16–18: 34% were very concerned, 32% were quite concerned, 29% were neither concerned nor not concerned, 4% were not very concerned, and 1% were not at all concerned.
No children: 25% were very concerned, 49% were quite concerned, 16% were neither concerned nor not concerned, 8% were not very concerned, and 2% were not at all concerned.

By living situation

Weighted base: Single households: 337 | Pensioners: 274 | Unpaid carers: 121

By living situation:
Single households: 18% were very concerned, 59% were quite concerned, 13% were neither concerned nor not concerned, 9% were not very concerned, and 0.5% were not at all concerned.
Pensioners: 24% were very concerned, 39% were quite concerned, 23% were neither concerned nor not concerned, 9% were not very concerned, and 5.6% were not at all concerned.
Unpaid carers: 39% were very concerned, 41% were quite concerned, 16% were neither concerned nor not concerned, 2.6% were not very concerned, and 1.3% were not at all concerned.

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