Asda Report Highlights Significant Rise in British Families' Disposable Incomes In the UK, households are experiencing an increase in disposable income, reaching a nearly two-year high, according to a survey published by the supermarket chain Asda. The report indicates that the average UK household’s disposable income rose by 6.1% year-on-year to £230 ($182) per week last month, marking the highest level since March 2022. This positive shift in disposable income has been attributed to several factors, including sustained earnings growth, a slowdown in food price inflation, and recent cuts to National Insurance contribution rates. The Asda income tracker, developed in partnership with the Centre for Economics and Business Research, measures the financial health of UK households by assessing the amount left after taxes and essential bills. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US Debt and the Rising Specter of Bond Vigilantes: A Financial Stability Threat? READ MORE The Commodities Feed: Gold Nears $2,200/oz READ MORE Gold's Unprecedented Surge in an Everything Rally READ MORE UBS: Silver Poised to “Dramatically” Outperform Gold This Year READ MORE Oil Prices Set for Stability in 2024, Say Industry Experts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment