Journal Article

The financial position of British households: evidence from the 2019 NMG Consulting survey

Authors

Publication date

Dec 2019

Summary

*) The financial situation of households is a key determinant of how they respond to changes in the economy and monetary policy. In our latest survey of British households, conducted in September, households’ income expectations were stable, but spending expectations fell slightly.
*) While households’ expectations around income and their own financial situation have remained relatively positive, their expectations about the wider economy have continued to be negative.
*)The proportion of households that spend a large share of their income servicing mortgage debt has remained low, although the proportion of households with high mortgage debt relative to their income has risen slightly.

Published in

Bank of England Quarterly Bulletin

Volume and page numbers

Q4 , 1 -15

Subjects

Economics, Savings And Assets, Debt: Indebtedness, Finance, and Housing Market

Links

https://www.bankofengland.co.uk/quarterly-bulletin/2019/2019-q4

#526322