Family Spending

There's another week until pay day and already most of your hard-earned wages from last month seem to have vanished - ever wondered exactly how that happens? If so, then you may be interested in the latest annual Family Spending report from the Office for National Statistics, which provides a detailed breakdown of family expenditure in the UK.

This year's report makes the 50th anniversary of the survey, so contains extra information which compares how families spent their money in 1957 compared to today. Outlay on some items - for example, tobacco, biscuits and cakes - has fallen sharply in this time, while modern families are more likely to spend heavily on foreign holidays or furnishings.