Where Does All The Money Go?
With rising inflation, the looming impact of Brexit and the government’s continued austerity and squeeze on public spending, many household in the UK are finding that their money simply doesn’t go as far as it used to. While unemployment rates remain relatively low, the use of food banks has increased dramatically, suggesting that while more of us are bringing in a wage, the tough economic environment is being felt by thousands of people all over the country.
But where exactly is our money going? How much are we spending as a nation on food, rent, power, transport and other crucial areas? And where are we wasting money that could be better spent elsewhere? To answer these questions, we teamed up with financial specialists Loanable to examine exactly where all the money goes: