Household costs ‘up 12% in two years’

Finances are being tightened and debt management woes are mounting across the country, while the average household running cost now amounts to £11,035 each year, Sainsbury’s Bank research suggests.

Essential expenditures for many people such as energy supplies and mortgage repayments have been rising steadily over the last two years, at an average increase of around £3.28 per day, the new study reveals.

Robert O’May, home insurance manager at Sainsbury’s Bank, said: “It’s becoming more expensive to run a home, which makes it all the more important for homeowners to shop around to make sure they are getting the very best deals available.”

It was established recently by an Alliance & Leicester report that consumers aged in their early 30s face a higher average debt management mountain than any other age range in the UK.


Tell others:


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.