86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
Published
Feb 28, 2023
Download
Download the article
Print
Text size

Under-30s hit hardest in cost-of-living crisis says Asda Income Tracker

Published
Feb 28, 2023

The inconsistent nature of recent trading reports (with retailers like M&S doing well, but others like Boohoo, struggling) can be partially explained following a new report this week from Asda. Its latest Income Tracker shows that it's the youngest consumers who are most impacted by the cost-of-living crisis.


Photo: Pexels/Public domain



It said “the youngest in society are suffering the most with their discretionary income down by 17.5% year on year in January”.

While all age groups saw disposable incomes (after paying taxes and essential bills) falling last month to an average of £215 a week, it was the under-30s who were worst off, with just an average discretionary income of just £153 per week.

Average annual gross income grew 5.4% to £954 a week in January, but as younger people spend a greater proportion of their income on housing and utilities, which continue to have the highest rates of inflation, this is clearly denting spend at the fashion stores they’re most likely to patronise.

And with the news that the typical annual household bill for gas and electricity is to rise in April, this trend looks set to continue.

By contrast, those aged 50-64 saw their overall spending power reduced by only 2.7% compared to last January, and they still had an average of £307 per week free to spend.

Copyright © 2024 FashionNetwork.com All rights reserved.