Claim: A typical household is now £5,883 worse off since 2019 due to energy prices, mortgages, groceries, motoring, personal tax and council tax.
Fact-check: Facebook post repeats unreliable Labour claim about family finances - Full Fact
Verdict: there are a number of problems with this figure. it only considers six specific annual household costs, and doesn't account for changes to wages or benefits over this period. obr forecasts for real household disposable income per person show a smaller decrease over this period.
Organisation: Full Fact
Author: Evie Townend
Date published: 2024-07-12T00:00:00