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Research : One in 11 Brits has less than £10 a month disposable income – Money Advice Service

by on November 16, 2013 in Lead story, Research, Retail, Retail News

One in 11 people, or 4.5 million British adults, have less than £10 a month left over once they have paid their essential bills, new research has found

With many households struggling to make ends meet, the findings from budgeting account provider thinkmoney reveal the worryingly small amounts of disposable income people have left once they’ve met all their financial commitments.

Of the 2,149 people polled, one in four said they had less than £50 a month to spend after bills.

Across the UK, the average monthly disposable income was £224.50. However, there was a wide gender difference with men reporting having disposable incomes averaging £272.50, almost twice as much as women (£190.20).

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