According to an April 2023 survey by We Are Social and Statista Q, 40 percent of U.S. consumers feel highly affected by the ongoing cost of living crisis, whereas only 6 percent don't feel affected at all.

People in Great Britain's experiences of and actions following increases in their costs of living, and how these differed by a range of personal characteristics.

A rapid and unexpected increase in global prices lead to an unprecedented cost-of-living crisis in 2022/23, affecting pupils and their schools who are often the first-line of support for families. This project gathered evidence around the overarching scale of challenges in schools in England, how these varied across settings and groups of pupils, and what steps schools took to mitigate the impacts of the crisis. It drew on nationally representative surveys of teachers and senior leaders in mainstream and special schools, to provide insights into the overarching impact of the cost-of-living crisis on pupils, how day-to-day provision in schools has been affected and the support which schools are providing.

As of April 2022, a week after Ofgem's cap on energy cost was increased, around 72.7 percent of survey respondents reported their car purchasing intentions were impacted by the cost of living crisis in the United Kingdom. Around 30.4 percent of consumers mentioned looking to buy a cheaper car as a result of the crisis, while around 27.3 percent car buyers were not influenced by the price increases.

A December 2023 study looked at the Britons' main responses to tackle the rising cost of living when planning a holiday. While ** percent of the survey sample reported intending to travel outside peak periods, ** percent of respondents mentioned reducing the number of nights spent on vacation.

This statistic illustrates the impact of the ongoing cost of living crisis on UK consumers in 2023. According to the survey by We Are Social and Statista Q conducted in April 2023, around one-third of the consumers feel highly affected by the situation, whereas only 2 percent respondents don't feel affected by the cost of living crisis at all.

The housing costs inflation rate for low-income households in the United Kingdom was noticeably higher than that of high-income ones between April 2022 and April 2023, during a serious cost of living crisis in the UK. As of June 2024, however, the inflation rate for high-income households was higher than that of middle or low incomes ones.

In a survey carried out in August 2023, about ** percent of respondents in the United Kingdom stated that they were eating less healthily to save money. More concretely, about ** percent stated they were eating more ready meals and processed foods.

Explore the impact of inflation in Japan on living costs, with households and businesses facing increasing financial pressures amid rising prices for essentials.

In June 2024, the household cost inflation rate (HCI) for low-income households in the United Kingdom was 1.7 percent, compared with 2.3 percent for middle-income households, and 3.3 percent for high-income households. Unlike other measures of inflation such as the consumer price index (CPI) the HCI isn't based on a fixed basket of goods, but is weighted to show how price changes affect different households by their economic status.

According to an April 2023 survey conducted by We Are Social and Statista Q, about 68 percent of UK consumers spend less on non-essentials in reaction to the cost of living crisis, whereas 63 percent pay more attention to bargains, good deals, or offers (when shopping). Similarly, more than half of respondents use less gas and electricity in their homes to deal with the situation.

The COVID-19 pandemic triggered social and economic stagnation worldwide, significantly impacting people’s lives. In addition, the Russia-Ukraine war that began in 2022 resulted in rising food prices globally, severely affecting low- and middle-income countries. This study aimed to examine the impact of these unprecedented crises on individual values, focusing on Senegal’s urban population. This study is the first to quantitatively assess changes in the values of urban Senegalese during this global crisis. Surveys were conducted in Saint-Louis, Senegal, in August-September 2018 and June-July 2022. The timing of these studies coincides with the onset of the COVID-19 pandemic in early 2020 and the outbreak of the Russia-Ukraine war in February 2022. The findings revealed a 19.9% decrease in the average monthly cost of living per capita between 2018 and 2022, attributed to the combined effects of rising food prices and unemployment. Furthermore, the proportion of households spending less than $3.50 per person per day—below the lower-middle-income class poverty line—increased by 11.05%. Our analysis indicates a decline in values such as benevolence, universalism, hedonism, and self-direction. In contrast, values related to power and achievement significantly increased following the pandemic. These results suggest that individual values are flexible and may change in response to external factors such as global crises.

Purpose: The relative income hypothesis theorises that one’s earnings relative to others exert a greater influence on subjective wellbeing than absolute income. Understanding the relationship between relative income and mental health could contribute to employee wellbeing. This review aimed to summarise the defining features of relative income in relation to mental health and how it is measured in the literature. In addition, it aimed to explore the relationship between relative income and mental health in those currently employed in the UK. Methods: Nine electronic databases were searched using a pre-defined search strategy: PubMed (including MEDLINE and PubMed Central), PsycINFO, Scopus, Web of Science, Global Health, JSTOR, Business Source Complete (EBSCO), ScienceDirect and Emerald. The protocol was pre-registered on PROSPERO (CRD42023408657). Quantitative and qualitative studies and grey literature, which described the defining features and measurement of relative income and its impact on mental health among UK employees, were included. Results: After screening, 13 studies were included in the review. A conceptualisation of relative income revealed that an income comparison is either researcher-defined using averages or self-assessed based on a person’s perception. Having a lower income than the reference group was commonly associated with diminished wellbeing, though moderating factors (gender, income inequality and composition of reference group) were identified. Conclusions: Having a lower income than the reference group is associated with poorer wellbeing. Implications for practice and policy are considered amidst the UK’s ‘cost of living crisis’ and ongoing pay disputes in various sectors.

This statistic shows the percentage change in the quantity of goods bought (retail sales volume) in Great Britain, from January 2017 to August 2023. The volume of all retail sales since April 2022 to August 2023 saw a decline, with a drop of 0.4 percent reported in the most recent period. The decline in retail sales is seen as an impact of the cost of living crisis and inflation in the UK and elsewhere in world.

Consumers’ growing awareness of fast food’s nutritional content and shift towards healthier eating habits have challenged demand for fast food and takeaway food services. In response, fast food brands have expanded their menus to include more nutritious, premium options with reduced fat, sugar and salt. Major companies have adapted to this trend, with McDonald's expanding its premium burger range and KFC focusing on fresh, locally sourced ingredients. The number of chicken-based fast food, which is considered healthier than traditional fast food, is also increasing. The recent cost-of-living crisis has had a mixed impact on the industry as consumers ‘trade down.’ Although people are refraining from overspending on eating out, they’re preferring to spend on fast food meals instead of paying for full meals at restaurants. Industry revenue is expected to have grown at an annualised 2.6% over the five years through 2024-25 to $29.6 billion. This trend includes an anticipated 2.9% jump in 2024-25. Consumers’ surging reliance on online delivery platforms during the pandemic boosted industry revenue but also pressured profitability, since online delivery platforms charge commissions per order. Rising food inflation has led businesses to increase menu prices to offset higher purchasing costs, with most major franchises able to pass on costs downstream to consumers, which has driven profitability growth over the five years through 2024-25. Shifting consumer preferences and evolving business models will drive industry growth over the coming years. Companies will increasingly focus on offering plant-based alternatives, reshaping their menus, with major brands set to expand their vegetarian and vegan options to capture rising demand for sustainable, health-conscious meals. Refranchising will also improve industrywide profitability, as fast food giants will reduce their operational costs by shifting company-owned stores to franchisees. This model allows brands to focus on marketing and innovation while franchisees manage day-to-day operations. These strategies, alongside international expansion, will boost competition and industry growth. Revenue is forecast to rise at an annualised 4.3% over the five years through 2029-30 to reach $36.6 billion.

Over the five years through 2024-25, the nightclub industry’s revenue is expected to tumble at a compound annual rate of 14.2% to £764.4 million, including a 5.1% drop in 2024-25. The nightclub industry experienced immense revenue volatility due to the COVID-19 outbreak, which resulted in clubs closing temporarily over 2020-21. Following COVID-19, skyrocketing inflation led to consumers, especially younger demographics, becoming more budget-conscious, resulting in decreased spending on nightlife activities or avoiding clubbing altogether. The combined impact of COVID-19 and the cost-of-living crisis severely weighed on the performance of nightclubs. When COVID-19 was at its worst, stay-at-home and trading restrictions on the hospitality sector prevented nightclubs from generating revenue, with operational costs becoming unmanageable and pushing many nightclubs to close permanently. The lifting of restrictions on nightclubs led to a resurgence in revenue in 2021-22. However, the cost-of-living crisis has plagued the industry’s recovery, as many Britons reduced their spending on nightclub outings. COVID-19 also boosted the UK's downward trend in alcohol consumption, weighing on industry revenue. Persistent inflation and supply disruptions have severely impacted the industry's profitability. Clubs have faced significantly higher operational costs, primarily driven by increased energy, rent and labour expenses, resulting in many nightclub closures. With a lack of government assistance to support the industry, the future of nightclubs hangs in the balance. Industry revenue is forecast to dip at a compound annual rate of 0.2% over the five years through 2029-30 to £756.5 million. Nightclub owners will continue to face challenges. Without government intervention, like VAT reductions to offer financial relief, many clubs will close their doors due to financial losses and diminishing demand from consumers as alcohol consumption declines. With inflation subsiding, consumers will expand their spending as a growing number of clubs expand their offerings, including non-alcoholic options, in a bid to capitalise on this trend. Moreover, fierce competition from substitutes will persist, encouraging nightclubs to innovate their club experiences by investing in high-tech light and sound systems. However, many consumers will likely turn to bars, pubs and other social activities rather as nightclubs’ appeal diminishes.

A May 2022 survey analyzed the impact of the rising cost of living on holidays by Britons. According to the study, ** percent of respondents in the UK claimed to have stopped spending money on vacations due to the increasing living costs. On the other hand, ** percent of surveyed Britons did not make any cutbacks on holidays.

A global study among three key markets found that U.S. consumers were the most likely to have canceled an online news subscription in the last year, with almost a third saying they did so. However, the majority of consumers in all three countries in the study continued with the ir subscriptions. In the United Kingdom, as many as of half the surveyed subscribers in kept their news subscriptions as they were instead of canceling, despite the ongoing cost of living crisis gripping the country. News subs in the UK: at what cost? At a time when consumers are making cutbacks, how essential is a news subscription to the UK consumer? Survey data showed that more than two thirds of British adults between the ages of 18 and 65 years cut their spending on non-essentials and paid more attention to deals and bargains to alleviate the effects of the cost of living crisis. Meanwhile, the prices of news subscriptions in the UK are on the rise. At the higher end, an annual subscription to The Financial Times now sets UK consumers back almost 370 British pounds. National publications such as Mail+ and The Independent also hover around the 100 GBP mark, and several subscriptions became more expensive between 2022 and 2023, notably New Statesmen which almost doubled in price year over year. Value for money – why pay for news? News subscriptions could be considered a luxury in an era where news is widely available for free. So why do consumers subscribe in the first place? Data shows that most consumers cite better quality content as the main reason for paying for news, and brand identification is also a factor. Less important to consumers are games, puzzles, and an easy-to-use website or app – highlighting the increasing importance of quality content for publications seeking to keep audiences engaged.

A weak spending environment amid economic headwinds casts a shadow over industry performance. Squeezed budgets amid the cost-of-living crisis were a double-edged sword for takeaways and fast-food restaurants over the two years through 2023-24: some consumers cut back on takeaways, while others traded down from full-service restaurants to takeaways and fast food. Inflationary pressures resulted in hikes in labour, energy and sourcing costs, straining profitability. Those with higher disposable incomes have been less impacted, demanding higher quality and healthier options, typically with a higher price tag. Subsiding inflation and growing consumer confidence support spending in 2024-25, though economic uncertainty persists and limits growth. Revenue is projected to drop at a compound annual growth rate of 0.8% over the five years through 2024-25, reflecting ongoing challenges. However, forecast growth of 2.1% in 2024-25 suggests a rebound in the industry as cost-of-living pressures subside. The surge of online food ordering has fuelled revenue growth. While online sales peaked during the pandemic, consumers drawn to convenience have become accustomed to ordering takeaways and fast food online. The development of state-of-the-art online platforms and third-party online ordering platforms like Deliveroo and Uber Eats are becoming the bread and butter for takeaway and fast-food outlets, encouraging new players into the industry. Britons' growing health and sustainability consciousness presents an opportunity for takeaway and fast-food businesses to introduce more expensive organic and meat-free menu items to boost revenue and profit. Britons’ tastes for healthy and sustainable takeaway options will continue to climb. Stricter legislation regarding the adverse effects of consuming junk food will promote product development innovation and healthy fast-food alternatives, driving additional revenue streams. As workers return to the office more permanently, demand for takeaway lunch options will swell. Fast food chains will pump money into aggressive expansion plans to secure market share and streamline costs. Investment in marketing will likely swell as operators turn to social media and online advertising to attract younger consumers and secure long-term revenues. Spending on innovation will persist as major players leverage AI and technology advancements to differentiate themselves from competitors and further demand. Revenue is forecast to climb at a compound annual rate of 2.9% to £26.6 billion over the years through 2029-30.

Sampling Procedure Comment: Probability Sample: Multistage Stratified Random Sample