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Release: The Economic Position of Households, Q1 2012

Released: 31 July 2012
This product is designated as National Statistics All editions of this release

Contact

Andrew Barnard

Household Sector Accounts

saving.ratio@ons.gsi.gov.uk

Telephone: +44 (0)1633 455951

Categories: UK Sector Accounts

Frequency of release: Quarterly

Language: English

Geographical coverage: UK

Geographical breakdown: Country

  • Real household actual income per head fell by 0.6 per cent in the first quarter of 2012 compared with the fourth quarter of 2011, to its lowest level since the second quarter of 2005.

  • Real household actual expenditure per head fell by 0.2 per cent in the first quarter of 2012 compared with the fourth quarter of 2011, to its second lowest level since the third quarter of 2003.

  • The household saving ratio fell by 0.5 percentage points to 6.4 per cent in the first quarter of 2012. Gross household saving was £17,000 million in the same quarter, down from £18,300 million in the fourth quarter of 2011.

  • After the financial crisis of 2008, households’ residential wealth fell due to falling house prices and an increased number of repossessions.

In this release

Release compiling the latest statistics on the household economic situation, including key National Accounts aggregates.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.

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