NI families only have £93 per month in disposable income amid rising costs

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NI families only have £93 per month in disposable income amid rising costs
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'The impact of the cost-of-living crisis is clear, with rising prices eating into incomes and reducing families’ ability to spend.'

New figures show the average family in Northern Ireland now has £93.50 in disposable income per month.

The Asda Income Tracker measures the amount the average household has left over each month to spend on discretionary purchases such as leisure and recreation goods and services. "People are having to go to food banks just to make ends meet. These organisations do fantastic work and are to be commended but they shouldn’t be necessary. Autumn and winter are fast approaching and some people simply won't be able to heat their homes.

He said anyone struggling financially should make sure they're getting all benefits they're entitled to, and contact them if they need any help managing debt. Matt said Advice NI are able to offer advice relating to money and debt. He said as we go deeper into the cost of living crisis with more price hikes coming in future months, especially relating to energy bills, people need to make sure they're getting all the help they can.

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