#household-savings

#household-savings

UK growth is modestly positive, led by services, while weak production, construction and persistently low consumer confidence limit a stronger recovery.

Higher home prices, intensified competition, and lower household savings have lengthened down-payment saving timelines, pricing out many first-time and moderate-income buyers, especially in high-cost metros.

Reducing household food waste saves substantial money, cuts greenhouse gas emissions, and repurposes scraps and perishables through leftover use, freezing, and meal prep.

Tariffs and economic uncertainty have contributed to higher household savings and elevated retail spending as consumers save more and retailers pass costs to customers.

Thrifty products can significantly reduce household costs by replacing wasteful items with reusable or efficient alternatives.

Energy bills will fall by 7%, but switching to fixed tariffs can lead to greater savings.

Homeowners should shop for better energy deals instead of relying on the price cap.