Snoop Snapshot:
UK Consumer Spending
Snoop’s UK Consumer Spending Snapshot provides an up-to-date picture of the nation’s spending habits. It’s based on real transactions by a stable cohort of 103,115 customers between April 2021 and March 2022.
Spending Snippets
- Energy bills rose by a fifth. Earners bringing in £50,000 - £75,000 saw the steepest increase in average bills.
- Petrol has shot up in price with an average tank of fuel now costing 18% more than it did last year.
- Credit card late fees have risen by 85% year on year.
- Buy now, pay later firms are on a roll, with spending soaring and high earners flocking to the service.
- Giving to charity increased by more than half and rose even more sharply between February and March 2022. The British Red Cross saw the biggest rise.
- Fitness providers, popular chain restaurants, and ride-hailing apps all saw post-pandemic revenues soar - up by 138%, 163% and 44%, respectively.
- Food delivery services suffered – recording a 16% drop in income.