Abstract
Impact of the recession on household expenditure
Highlights
Household expenditure plays an important part in the UK economy and might be expected to reflect economic trends
The analysis showed surprisingly little change in average household expenditure between 2007 and 2010, given the scope of the recession
When household characteristics are taken into account, using Output Area Classification (OAC) categorisation, a more complex picture emerges: different groups show different changes between 2007 and 2010
Summary
Household expenditure plays an important part in the UK economy and might be expected to reflect economic trends. The chapter follows on from the general trends reported, and focuses on statistically significant differences observed comparing the two snapshot years It provides a detailed analysis of differences in expenditure by geographic areas that share common characteristics using the Output Area Code (OAC) categorisation system based on the 2001 Census. Typical Traits and Multicultural super groups spent less on private transport but more on public transport These findings suggest that households reallocate their spending, but how they do this reflects their circumstances. The data were examined at a more detailed level of OAC categorisation: the 21 groups within super groups This analysis revealed further differences that were masked at the group level: Alcohol and tobacco showed a significant fall for Prospering Younger Families and a significant increase for Older Workers. Expenditure on food and non-alcoholic drink showed few changes even at this level of breakdown, reflecting the essential nature of purchasing food
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