The monthly Household Finance Index survey from financial data company IHS Markit
to 41.8 in July from June's 43.7 and to its lowest since July 2014
And:
- The survey also showed that households' willingness to make big purchases fell to its lowest since December 2013.
Tim Moore, a senior economist at IHS Markit:
- reflecting an ongoing squeeze on household incomes as inflation rises faster than wages
- "There are signs that squeezed household budgets and worries about earnings have started to spill over to consumer spending patterns"