Based on the government's forecast from October 2024, the real household disposable income per person in the United Kingdom fell by 2.1 percent in the 2022/23 fiscal year, the biggest fall in living standards since 1956 when this type of data was first produced. Living standards did, however, rise in 2023/24 by approximately two percent.
Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2029/30
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Office for Budget Responsibility. (October 30, 2024). Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2029/30 [Graph]. In Statista. Retrieved January 25, 2025, from https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/?__sso_cookie_checker=failed
Office for Budget Responsibility. "Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2029/30." Chart. October 30, 2024. Statista. Accessed January 25, 2025. https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/?__sso_cookie_checker=failed
Office for Budget Responsibility. (2024). Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2029/30. Statista. Statista Inc.. Accessed: January 25, 2025. https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/?__sso_cookie_checker=failed
Office for Budget Responsibility. "Forecast of Annual Change in Real Household Disposable Income per Person in The United Kingdom from 1956/57 to 2029/30." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/?__sso_cookie_checker=failed
Office for Budget Responsibility, Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2029/30 Statista, https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/?__sso_cookie_checker=failed (last visited January 25, 2025)
Forecast of annual change in real household disposable income per person in the United Kingdom from 1956/57 to 2029/30 [Graph], Office for Budget Responsibility, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/1070120/real-household-disposable-income-per-capita-change-forecast-united-kingdom/?__sso_cookie_checker=failed
