Households have endured a sustained cost-of-living squeeze in 2023 that has changed the way we consume. Stubbornly high inflation and rising interest rates have also put many family budgets under severe pressure, especially those carrying big mortgages. The cost-of-living crunch has affected spending patterns. Credit: Natalie Boog Five charts (below) reveal how spending has shifted amid the cost-of-living crunch and where financial stress is most acute. The analysis of spending patterns and research on consumer delinquency and hardship was compiled by credit bureau illion using credit and banking data from more than 18 million…
Feeling the cost-of-living crisis? Charts reveal who’s getting off lightly, and…
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