Although many of the 3,000 respondents cited a lack of confidence in their disposable income
levels, there was also a marginal increase in discretionary spending, up one percentage point (to net minus five per cent), though spending in essential categories has fallen three percentage points to 10 per cent.
A disposable income
is the amount of money that households have available for spending and saving after taxes have been deducted.
By 2016, retired households receiving a private pension had disposable income
that was 1.6 times higher than households that were not.
The statistics mean that in 2015 Wales saw the third highest increase in disposable incomes
of all the UK countries and English regions.
They show that average disposable incomes
in Wales are growing faster than the UK average and that our work to support families across Wales is making a real difference to people's lives.
WALES is the only part of Great Britain in which disposable income
in every area of the nation is below the UK average, according to latest figures released yesterday.
Saudi Arabia was rated the best for expats to go to increase savings, third in terms of luxuries they can expect to own, fifth for disposable income
and 13th for salaries.
Their propensity to spend their disposable income
(after-tax income) gives a clear indication of this.
The OECD questionnaire provides information on aggregate poverty rates for all ten OECD countries, and data from the Luxembourg Income Study (LIS) files provide, in addition, a breakdown between market and disposable incomes
and a breakdown by various social groups, which are not available in the OECD data set.
A depressed level of consumer confidence and a decline in real disposable income
had contributed to sluggish consumer spending.
It means disposable incomes
have now declined for four quarters in a row, marking the longest period of negative growth since the end of 2011.
Think-tank Resolution Foundation says disposable incomes
are higher than those from the ONS if you look at the size and make-up of homes.