Disposable income jumps 6% to eight year high
Household disposable income jumped by more than 6% in the past year, reaching its highest level since 2008.
Average household disposable income rose by £12 (6.3%) to £200 a week in April, according to the Asda Income Tracker. This was the 18th consecutive month incomes have risen by more than £10.
According to the Centre for Economics and Business Research, which compiles the figures, lower inflation offset slowing wage growth.
It says average household income was £748 a week, with net income of £630. Households have a weekly cost of living of £430, leaving a disposable income of £200.