Data shows the average family of four is now worse off by £5k per year compared with before the cost of living crisis. What would you do with an extra five thousand pounds per year to spend?
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00:00 I think I'm like reasonably well off. I definitely have felt the cost of living crisis.
00:04 I'm not gonna lie. I probably put it towards buying a house.
00:06 That's something I'm like single guy, so I'm like fairly middle class, not that I like the term,
00:11 but there's no way I can afford a property.
00:13 At least half are probably going to savings to prepare for the future,
00:15 especially building a new life up here in Leeds.
00:17 I think some of it I'd like to be able to go away with my nan,
00:21 because she's always saying she wants to go back to Malta where she's from.
00:23 I'm owing quite a lot of money on the gas.
00:27 It's going into thousands and people are struggling. People do go to food banks.
00:32 I think for me it would be cars and car insurance.
00:36 It's become so expensive now to buy a car and to get reinsured on your car.
00:42 It would be good to have the 5,000 extra, but the problem is, like she said,
00:46 everything's just too expensive now. Everything's getting ridiculous.
00:50 And even if we had that money back, I don't think it would last us in the same way
00:55 way that it would have previously. So I just live life.