Box C: Households savings amid the cost-of-living crisis

Max Mosley

National Institute UK Economic Outlook, 2022, issue 7, 34-36

Abstract: Throughout the cost-of-living crisis, we have seen evidence – including from NIESR – showing households having to spend more on essential goods than they have income. We know that households are therefore having to use whatever savings they have left to survive this cost-of-living crisis. Therefore, it is important to know how many households have subsequently run out of their last remaining source of liquidity and insurance against any subsequent negative shocks.

Date: 2022
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