British Families Need £25,000 a Year to Survive

November 19, 2012

Spending has gone up for British families says the The Telegraph. A study, in which 2,000 UK parents were questioned, showed an overall increase of £129.35 in the outgoings of the average family compared to 2011.

A figure of £24,801.51 was calculated for expenses, including mortgage or rent payments, utilities, insurance, food, transport, clothes, phones and home maintenance. This figure does not include luxuries, such as takeaways, restaurant meals, nights out, weekends away and holidays.