Cost of Living Crisis

Cost of Living Crisis

The UK is facing its biggest cost of living crisis in decades (Citizens Advice 2022).

The ‘cost of living crisis’ refers to the fall in ‘real’ disposable incomes (that is, adjusted for inflation and after taxes and benefits) that the UK has experienced since late 2021. As prices rise, people are faced with difficult choices about what to cut back on such as whether to ‘heat or eat’. There will be a potential impact on spending on leisure activities and being unable to pay bills including rent and council tax. This is likely to have serious health, well-being and equity implications for the population of Wales.