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Posts tagged “fuel as a percentage of income

Frugal Friday | Percentages

Money - Seeing the future

Fuel poverty

Fuel poverty is considered to be when you spend more than 10% of your net income on gas and electricity. It’s worth checking just what percentage of your income is spent on fuel. The same applies to telecommunications, including television, it seems the average is between 2% and 5%. Housing is the highest at up to  50%  normally. Rents are rising and privately rented homes being the most expensive. The government is forcing up rents for social housing and so that will mean less money being spent in the shops over the next year at least. (more…)