A study by financial services firm Abbey, carried out to coincide with the 20th anniversary of the first airing of The Simpsons on American TV, demonstrates that many of the average Brits’ expenditures have been forced up over the last two decades.
Mortgage payments have increased by 265.7 per cent during this period and the average cost of on-sale beer has risen by around 155 per cent, making a debt solution more difficult to find for many Homer Simpson-like British consumers, Abbey’s research suggests.
Reza Attar-Zadeh, head of savings at Abbey, said: “This research shows the spiraling cost of living.
“As is the case for many Britons, Homer…may well have to ditch the high inflation products – like donuts and beer at Moe’s Tavern.”
Meanwhile, statistics from Saga Personal Finance recently revealed that many British consumers are “drastically” underestimating the costs associated with paying for long-term elderly care.