84% of Britons live as a part of family. We know that the society has evolved and with it the facets of family. The system of nuclear family is no more in UK. Either there are couples in committed relationship with no children or there are single parents raising one or more children.
There has been significant increase in the net income of a typical family from £1,937 to £2,066. It is said that this increase has been driven by couples with no children. The major expenditure of a typical family is housing for which they spend about 20% of their net income. 42% of families have completely cut back their leisure goods spending for savings.70% of UK families save for future purposes, while 30% do not.
