Mr and Mrs Average live on £16,034

The Daily Express

 

More old bollocks from the government propaganda wing specifically aimed at driving the nation into slave labour.

For the record, I was earning more than £16,034 twenty five years ago. Never the less, lets explore this figure.

£16,034 is equal to £308.35 per week.

According to the BBC, in 2005-6 the average family made up of 3.9 people had a weekly spend of £601.20. SOURCE

However, since we all know that everything is 50% cheaper now than it was 7 years ago, lets have a more up to date, detailed look at the figure.

According to the Telegraph, in July 2012, the average private rent in the UK was £725 per calendar month. that  works out at £167 per week. SOURCE

According to the affordable housing website in September 2012, the average weekly rent for a housing association property was £110 PW. SOURCE

According to Channel 4 news the average cost of a mortgage in June 2012 was £138 PW SOURCE

Therefore, the average weekly rent or mortgage is £138 PW

The weekly food prices for a family of four vary greatly from a ridiculous low of £77 per week to a high of £170 PW. Mums net seem to have it at around £100 pw which is good enough for me. That takes our total to £238 PW.

According to moneyexpert.com, it cost on average £3089 a year to run a car in 2011. That is equal to £59PW. That seems a bit dear to me but since that was 2011 and the average family has 1.5 cars I think its fair to run with it.

That takes our weekly total on rent, food and car for your average family to £297 PW. 

According to Which, the  average council tax bill in England for 2009/10 is £1,175. That works out at £23PW, taking our total to £320PW. We are now overspent by £12PW. 

According to Ofgem, the average duel fuel bill in the UK is £1,420 a year, an increase of 18% since 2009. SOURCE

That is £27 PW taking us to £347 PW. 

Since we are now nearly £40 over the weekly average family income, I have lost the will to carry on investigating. However, you might like to take note that I haven’t included the Water bill, Incidentals, clothing, family holiday, pets, house insurance, TV licence, school trips,  etc, etc, etc.

Don’t believe the truth. Its always complete and utter bollocks.

THE typical British family has an income of £16,034 a year to live on, official figures released yesterday reveal.

 

Economists-warn-the-rate-of-growth-of-household-income-has-slowedEconomists warn the rate of growth of household income has slowed
Londoners enjoy the highest amount at £32,823 after tax, while workers in Nottingham struggle to get by on £10,834.However, economists warn that the rate of growth of household income has slowed.Anthony Warrington, director of personal current accounts at the Halifax, said: “Rising prices mean that disposable income is coming under increasing pressure and more and more households are finding they need to cut back.

“However, with essentials such as mortgages/rental payments, food, and energy/fuel taking up the majority of income it leaves little scope for cutting back.

“Our research shows 26 per cent of families say they would start to find it difficult to cope if their monthly outgoings were to increase by up to £49.

average, income, price, rise struggle, household, earn, pressureRising prices mean disposable income is under more and more pressure

A staggering one in five households would now find an increase of up to £24 difficult to cope with

Anthony Warrington, director of personal current accounts at the Halifax

“A staggering one in five households would now find an increase of up to £24 difficult to cope with.“There is widespread concern about meeting financial commitments in the next 12 months, with 53 per cent of households worried about having enough money to cover future living costs and bills.”Between 2010 and 2011 the rate of annual growth in “gross disposable household income” per head fell in all regions except for the East of England, according to the Office for National Statistics.

With first-quarter Gross Domestic Product figures set to reveal today whether Britian has re-entered recession, Tim Moore, senior economist at Markit financial information services, said: “These figures provide a timely reminder that there has been little alleviation of the strain on households’ financial well-being so far this year.

“With incomes failing to keep pace with living costs, household finance constraints are likely to act as a further drag on consumer spending over months ahead.”