Over Half of UK Households Adjust Spending to Manage Rising Essential Costs

Over half of UK households have adjusted their spending to cope with rising essential costs, highlighting the ongoing impact of the cost of living crisis in the United Kingdom.

• According to Which?, 52% of households in the United Kingdom reported making adjustments to their spending for essentials in the month leading up to mid-October.
• The adjustments include cuts to spending on utilities, housing costs, groceries, school supplies, and medicines, reflecting the strain of increased costs of living.
• Many households are struggling with financial pressures, and some are relying more on credit card debt to manage their mortgage loan payments and other essential expenses.