Nearly two-thirds of adults have seen a deterioration in the cost of living crisis over the last month, according to concerning official data. The Office for National Statistics revealed that energy and food costs continue to be significant financial burdens for individuals. Approximately one in 30 adults admitted to running out of food in the past two weeks due to financial constraints, with the percentage increasing to 8% for those in the most deprived areas of England, as well as being notably high among renters and individuals with disabilities.
Moreover, close to 60% of respondents claimed they were reducing expenses by dining out less, underscoring the immense challenges faced by restaurants and pubs striving to stay afloat. These findings coincide with Labour’s commitment to prioritize addressing the ongoing cost of living crisis in the upcoming year, recognizing its significance to voters, especially in the context of impending local elections.
The ONS survey emphasized that the cost of living is the primary concern for the majority of individuals (88%), surpassing other pressing issues such as the NHS, the economy, immigration, crime, and housing. Notably, the proportions of adults expressing concern over these matters have remained relatively stable compared to the previous year. The survey period encompassed the start of December, including the financially demanding holiday season, further straining household budgets.
The data indicated that 62% of participants experienced an increase in living expenses compared to a month ago, with a notable rise to 70% among disabled adults. The most commonly reported cost escalations included food shopping prices (94%), energy bills (68%), and fuel costs (46%). Additionally, a significant portion of respondents (58%) mentioned cutting back on dining out, while others resorted to purchasing cheaper groceries and seeking discounts to save money.
Struggles with energy bill payments were highlighted, with approximately one-third of respondents finding it challenging to afford them. A notable 17% of adults reported difficulties in maintaining adequate warmth in their homes over the past two weeks. Analysis over the past three months revealed that women exhibited higher concerns about the cost of living compared to men, with worries also prevalent among unemployed individuals, retirees, and the self-employed.
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