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Tough times ahead for household finances

Tough times ahead for household finances

Category: Economy

Updated: 14/12/2012
First Published: 24/09/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

UK households are anticipating a rough twelve months as inflation expectations hit a four month high.

According to Markit's Household Finance Index for September, nearly half of households are expecting their financial situations to worsen, representing the worst financial outlook since March 2010.

The increasingly high cost of living coupled with static salaries has meant many people are struggling to make ends meet. Three quarters of households confirmed their living costs had increased, with higher fuel and grocery prices impacting on everyday outgoings.

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