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Consumer disposable incomes rise to record high

British shoppers have more money to spend as disposable incomes reach a record high, according to the Office for National Statistics.

high street oxford street

high street oxford street

The median household earned £26,400 after taxes and benefits in the year to 31 March, up £700 on the previous year, and £400 above the previous high of £26,000 in 2007-08.

Retired households, whose disposable income of £21,500 is up £1,700 on the 2007-08 level, saw the biggest increase.

However working households have an average disposable income of £29,200, which is £400 short of pre-recession levels, according to The Telegraph.

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