Taps Coogan – July 22nd, 2023

The following visual, from JCC Eagle, highlights the proportional trends in UK household costs since the early 1970s. If you have trouble with Reddit clunky embed below, try this link.

[OC] UK housing costs are at the highest in 30 years
by u/jcceagle in dataisbeautiful

The punchline is that, while housing costs (mortgages) are taking the largest slice of household income since the early 1990s, that amount is still considerably less than it was in the 1970s and 1980s. Of course, as mortgages continue to roll into today’s higher rates, the average mortgage burden is likely to keep climbing higher. So while things could be worse, they likely will be.

Of note, spare cash is not so much ‘spare’ as ‘all other expenses,’ e.g. education, healthcare, phone, etc…