The cost of living crisis is still affecting millions of people across the UK.
Statistics from the Department for work and Pensions shows around 1 in 5 people in the UK were in relative low income (relative poverty) after housing costs in the year 2021 to 2022.
As a result less households are spending money on non-essentials such as clothing and summer holidays, as disposable income is down and people are making more conscious financial decisions.
We spoke to people in manchester to find out what they're going without during the cost of living crisis and whether they are still booking holidays.
Statistics from the Department for work and Pensions shows around 1 in 5 people in the UK were in relative low income (relative poverty) after housing costs in the year 2021 to 2022.
As a result less households are spending money on non-essentials such as clothing and summer holidays, as disposable income is down and people are making more conscious financial decisions.
We spoke to people in manchester to find out what they're going without during the cost of living crisis and whether they are still booking holidays.
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NewsTranscript
00:00 The cost of living crisis is still affecting millions of people across the UK.
00:04 Statistics from the Department for Work and Pension shows around 1 in 5 people in the
00:10 UK were in relative low income after housing costs in the year 2021-2022.
00:17 As a result, less households are spending money on non-essentials such as clothing and
00:21 summer holidays, as disposable income is down and people are making more conscious financial
00:26 decisions.
00:27 We spoke to people in Manchester to find out what they're going without during the cost
00:32 of living crisis and whether they are still booking holidays.
00:35 "No, I'm spending more on everything.
00:38 And I do feel, whether I should say this or not, some supermarkets are profiteering.
00:44 Because when you go in, you know, you can understand the cost of living, you need to
00:49 pay a little bit more, but some of them are putting like pounds on, which really isn't
00:54 necessary."
00:55 "There is a lot of things I'm not spending money on that I would have before and I'm
00:58 being a lot more careful about, you know, when I do the food shopping, what I'm buying
01:02 and what I'm not.
01:03 There's not so many luxuries as there used to be because the cost of a lot of the basic
01:08 stuff like pasta, rice, vegetables, just gone crazy."
01:13 "But less clothes, probably go out less, probably eat at home more, don't eat out as much, definitely
01:22 no takeaways or treats anymore like that.
01:25 I think we're just more careful, just in general, just making sure that we shop at Aldi rather
01:29 than, you know, Tesco, making sure that we do things like that.
01:32 What have we not had?
01:33 Small holidays, anything that's like a luxury.
01:36 So things like that that we've cut down on, if we're buying something, we make sure that
01:39 we do it in a sale."
01:40 "The cost of holidays, from what it was last year to what it is this year, unbelievable.
01:47 The cost, even for a basic holiday in just somewhere like Spain, £800, £900, which
01:53 is a lot more than I thought it was going to be.
01:56 But yes, we will be having a holiday next year, but we will be going careful."
02:00 "I'm nearly 60, so if I've got money in my pocket at the moment, I wouldn't go into debt.
02:05 But if I've got stuff, I need to try and do stuff while I'm still fit and able to do it.
02:08 So if I wait until I'm 70 or 80, there's no point in waiting until then because, well,
02:13 I wouldn't enjoy it.
02:14 I could be, it's not quite the same going somewhere nice with a Zimmer frame, is it?"
02:17 "We're not going away this year because of it.
02:19 Because we're teachers, so we definitely can't afford to."
02:23 "I wouldn't say things like holidays, just because it's something that we factor in and
02:27 save up for.
02:28 So you've got to factor in the type of holiday you go on.
02:31 But new summer clothes, for example, like packing for your holiday, I'm kind of looking
02:34 at what I've already got, rather than going out and buying a whole new wardrobe for it,
02:38 just because I've got to think about that I don't necessarily have the extra cash to
02:41 go and do that anymore."
02:42 "No, I'd rather spend less on non-essentials like clothes and items that you don't like,
02:51 going out for a coffee.
02:53 I'd rather save up my money and go on holiday, really.
02:55 So it's quite the reverse, really.
02:56 I think you want to get to the sun and to be able to go and relax somewhere where you
03:01 know you've got guaranteed weather."