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Summary

  • The rising cost of living is still causing widespread concern amongst residents (76% are ‘very/ quite concerned’), but is slightly lower than W5 (80%)
  • 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 and renters

 

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

This chart shows that:
In wave 5, 34% of residents were very concerned about the current cost of living, 46% were quite concerned, 11% were neither, 7% were not very concerned, and 2% were not at all concerned.
In wave 6, 25% of residents are very concerned about the current cost of living, 51% are quite concerned, 14% are neither, 7% are not very concerned, and 2% are not at all concerned.

By age

Weighted base: 16-24: 235 | 25-34: 226 | 35-44: 199 | 45-54: 184 | 55-64:169 | 65+: 222

This chart shows that:
Of residents aged 16-24, 21% are very concerned about the current cost of living, 69% are quite concerned, 2% are neither, and 8% are not very concerned.
Of residents aged 25-34, 31% are very concerned about the current cost of living, 51% are quite concerned, 13% are neither, 4% are not very concerned, and 1% are not at all concerned.
Of residents aged 35-44, 32% are very concerned about the current cost of living, 44% are quite concerned, 15% are neither, 8% are not very concerned, and 1% are not at all concerned.
Of residents aged 45-54, 23% are very concerned about the current cost of living, 58% are quite concerned, 12% are neither, 6% are not very concerned, and 1% are not at all concerned.
Of residents aged 55-64, 21% are very concerned about the current cost of living, 44% are quite concerned, 25% are neither, 7% are not very concerned, and 2% are not at all concerned.
Of residents aged 65 and over, 22% are very concerned about the current cost of living, 40% are quite concerned, 21% are neither, 11% are not very concerned, and 7% are not at all concerned.

By disability

Weighted base: Disability: 247 | No disability: 988

This chart shows that:
Of residents with a disability, 41% are very concerned about the current cost of living, 41% are quite concerned, 10% are neither, 6% are not very concerned, and 2% are not at all concerned.
Of residents without a disability, 21% are very concerned about the current cost of living, 54% are quite concerned, 15% are neither, 8% are not very concerned, and 2% are not at all concerned.

By household income

Weighted base: Up to £19,999: 157 | £20,000 - £39,999: 352 | £40,000 - £59,999: 251 | £60,000 or more: 328

This chart shows that:
Of residents earning less than £20,000, 47% are very concerned about the current cost of living, 46% are quite concerned, 5% are neither, 1% are not very concerned, and 1% are not at all concerned.
Of residents earning between £20,000 to £39,999, 30% are very concerned about the current cost of living, 53% are quite concerned, 11% are neither, 4% are not very concerned, and 1% are not at all concerned.
Of residents earning between £40,000 to £59,999, 26% are very concerned about the current cost of living, 54% are quite concerned, 13% are neither, 5% are not very concerned, and 1% are not at all concerned.
Of residents earning £60,000 or more, 12% are very concerned about the current cost of living, 47% are quite concerned, 20% are neither, 17% are not very concerned, and 3% are not at all concerned.

By ethnic group

Weighted base: White: 1,068 | Ethnic minority: 167

This chart shows that:
Of white residents, 24% are very concerned about the current cost of living, 49% are quite concerned, 16% are neither, 9% are not very concerned, and 2% are not at all concerned.
Of residents from an ethnic minority, 31% are very concerned about the current cost of living, 65% are quite concerned, and 4% are neither.

By housing status

Weighted base: Property owners: 760 | LA renters: 61 | Private renters: 282

This chart shows that:
Of property owners, 22% are very concerned about the current cost of living, 47% are quite concerned, 20% are neither, 9% are not very concerned, and 2% are not at all concerned.
Of local authority renters, 49% are very concerned about the current cost of living, 43% are quite concerned, 2% are neither, 2% are not very concerned, and 3% are not at all concerned.
Of private renters, 30% are very concerned about the current cost of living, 62% are quite concerned, 7% are neither, and 1% are not very concerned.

By children in household

Weighted base: Children: 319 | No children: 908

This chart shows that:
Of residents with children, 30% are very concerned about the current cost of living, 51% are quite concerned, 11% are neither, and 8% are not very concerned.
Of residents without children, 23% are very concerned about the current cost of living, 52% are quite concerned, 16% are neither, 7% are not very concerned, and 2% are not at all concerned.