Disposable Income: How Much Do You Have?

Disposable income – something we all have left over each month when we’ve paid the bills. Some of us may have just a few pounds to play with, others may have a few hundred.

It all depends on our jobs, our working hours and our budgets – it is obvious that if some people budgeted better their disposable income would be greater. I know mine would be if I didn’t give into temptation down the chocolate aisle every time I’m at the shop.

Recent findings, however, claim that the unemployed have more disposable income than those on zero hour contracts or working part time. Steve now works full time but when he first started in the company, he was working on a zero hour contract and I won’t lie to you – it was hell! We could never be sure what income would be coming in and had to rely on my part time income to make up the shortfall. It was a terrifying time and it seemed madness that we were struggling more with him in work than when he was unemployed. Nevertheless, we persevered.

Scottish Friendly found that the unemployed have 9.3% of income left over after bills are paid in comparison to the 7.8% left over by zero hour contract workers. This equates to around £174 for the unemployed each month and £130 for those working zero hours. As mentioned in the Scottish Friendly findings, this information regarding disposable income is quite shocking. Not only do those on zero hours have to worry about how much they will be bringing home in their pay packet each month but there also seems to be a disincentive to work – if people think they can earn more money not working than breaking their back for little pay, are they really going to keep doing it?

It is hardly surprising, however, that London has seen the biggest rise in disposable income in recent months. The capital is a hub of activity and excitement as people flock there for work and to live. The North West are left with the most disposable income though at 11% – a surprise, I must admit.

Our disposable income varies. With plenty of things to pay out for and debts to repay, we are left with little money over to actually do anything. This isn’t too bad for us, considering we are homebodies and love nothing more than staying at home to watch a film or some TV together. It is clear to see why these results could potentially frustrate people though – especially those who don’t know what their pay packet will be from month to month.


How much disposable income do you have per month?

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