Nearly 66% of adults have indicated that the cost of living crisis has deteriorated for them in the past month, according to unsettling official data. The Office for National Statistics revealed that energy and food expenses continue to be major financial burdens for individuals. Approximately 1 in 30 adults reported running out of food in the previous two weeks due to financial constraints.
The situation worsened to 8% among residents in the most deprived regions of England, as well as among renters and individuals with disabilities. Moreover, nearly 60% of respondents admitted to reducing their dining-out frequency, underscoring the immense strain on restaurants and pubs already struggling to stay afloat.
As the cost of living crisis persists, Labour has pledged to prioritize addressing this issue in the coming year. The survey highlighted that 88% of people are most concerned about the cost of living, surpassing concerns over the NHS, the economy, immigration, crime, and housing.
According to the ONS, the survey conducted in December emphasized that the cost of living remains a top priority for the majority of adults. The study showed a significant rise in living expenses, especially concerning food shopping, energy bills, and fuel prices. Additionally, a considerable portion of respondents reported difficulty affording energy bills and maintaining adequate warmth in their homes.
Analysis of data over the past three months revealed that women are more apprehensive about the cost of living compared to men. Notably, concerns are particularly high among the unemployed, as well as retirees and self-employed individuals.