UK – Disposable income at nine-year low

Individuals had less disposable income to spend on average in the first three months of the year than during any quarter since 2003.

Disposable income per head, taking inflation into account, fell by 1% on the previous quarter, the Office for National Statistics (ONS) said.

This measure of income is the amount of cash individuals have to spend after tax.

Meanwhile, savings levels dropped as families felt the squeeze…

via BBC News – Disposable income at nine-year low, ONS figures show.

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