Household spending on furniture & furnishings
Each year, figures are published showing the average weekly spend on furniture and furnishings by UK households. The survey breaks down the data into various categories including spending by age groups, income ranges and by area of the country. The latest figures relate to 2010 and provide interesting reading. Compared to 2009:
- 2010 saw a significant increase in the family spend on furniture and furnishings, an increase of 21% (to £13.40 per week), the same rise if we look at furniture alone (£12.50 per week) which accounted for 2.6% of all household spending.
- The survey shows that in the age categories up to age 65, each spent a fairly sizeable amount more on furniture and furnishings than in 2009. However, those over 65 spent less.
- More affluent households with weekly incomes of between £785 to £1,300, spent less of their disposable income on furniture and furnishings whereas those earning less than £785 or more than £1.300 (highest 10% of earners) spent more. Not surprisingly, those in the London area spent more than any other area in the UK.