The above data shows that there have been significant changes to some indices between December 2021 and March 2022.
- Finances over past three months: The index measuring people’s finances over the past three months was -34 in March 2022. More people say their finances have got worse over the past three months compared to Dec 2021 when the index was -20. The figure is the lowest recorded since the Monitor started in June 2020.
- Financial outlook: The index measuring financial outlook for the next three months was down sharply at -31 in March 2022 compared to -12 in Dec 2021. A negative index means more people think their finance will worsen over the next three months compared to those who think it will improve. The figure is the lowest recorded since the Monitor started in June 2020.
- Income and outgoings: The index measuring income fell to 5 while the index measuring outgoings also hit an all-time high of 49 with a lot more people (58%) saying their outgoings have increased compared to decreased (9%).
- Savings index: Savings sentiment has also deteriorated. The index measuring saving has fallen to -6 in March 2022 from -3 in Dec 2021, indicating that people are spending more and saving less.
- Spending on socialising and at the supermarket: The index measuring spend at the supermarket has increased to 46 in March 2022, the highest figure since the Monitor began. A far greater proportion of people (56% 29m) say their supermarket spend has increased compared to those who say it has decreased (10% 5m).