Cost-of-Living Crisis: Consumer Resilience and Stakeholder Interventions

Thomas Anker; Kathy Hamilton

Cost-of-Living Crisis: Consumer Resilience and Stakeholder Interventions

Thomas Anker
, Kathy Hamilton

Research output: Book/Report › Commissioned report

Abstract

The main aim of this project was to explore consumer resilience during the cost-of-living crisis and the scope for various stakeholders to co-create solutions to help consumers cope with the crisis. A cost-of-living crisis occurs when disposable incomes in a significant number of households are no longer sufficient to cover essential needs for food, heating, transportation and a minimum level of leisure activity. Scotland, and indeed the rest of the UK, is currently experiencing an enduring cost of-living crisis which started in 2021 when a rapid rise in inflation caused prices on food, energy and other essentials to rise dramatically. Within the span of just one year, consumer price inflation increased by more than 10%. Whilst inflation is currently falling, it would be ill-informed to draw the conclusion that we are no longer in a cost-of-living crisis.

Original language	English
Publisher	Scottish Universities Insight Institute
Number of pages	7
Publication status	Published - 21 Dec 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 2 Zero Hunger
SDG 3 Good Health and Well-being
SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Cite this

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title = "Cost-of-Living Crisis: Consumer Resilience and Stakeholder Interventions",

abstract = "The main aim of this project was to explore consumer resilience during the cost-of-living crisis and the scope for various stakeholders to co-create solutions to help consumers cope with the crisis. A cost-of-living crisis occurs when disposable incomes in a significant number of households are no longer sufficient to cover essential needs for food, heating, transportation and a minimum level of leisure activity. Scotland, and indeed the rest of the UK, is currently experiencing an enduring cost of-living crisis which started in 2021 when a rapid rise in inflation caused prices on food, energy and other essentials to rise dramatically. Within the span of just one year, consumer price inflation increased by more than 10\%. Whilst inflation is currently falling, it would be ill-informed to draw the conclusion that we are no longer in a cost-of-living crisis. ",

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AU - Hamilton, Kathy

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N2 - The main aim of this project was to explore consumer resilience during the cost-of-living crisis and the scope for various stakeholders to co-create solutions to help consumers cope with the crisis. A cost-of-living crisis occurs when disposable incomes in a significant number of households are no longer sufficient to cover essential needs for food, heating, transportation and a minimum level of leisure activity. Scotland, and indeed the rest of the UK, is currently experiencing an enduring cost of-living crisis which started in 2021 when a rapid rise in inflation caused prices on food, energy and other essentials to rise dramatically. Within the span of just one year, consumer price inflation increased by more than 10%. Whilst inflation is currently falling, it would be ill-informed to draw the conclusion that we are no longer in a cost-of-living crisis.

AB - The main aim of this project was to explore consumer resilience during the cost-of-living crisis and the scope for various stakeholders to co-create solutions to help consumers cope with the crisis. A cost-of-living crisis occurs when disposable incomes in a significant number of households are no longer sufficient to cover essential needs for food, heating, transportation and a minimum level of leisure activity. Scotland, and indeed the rest of the UK, is currently experiencing an enduring cost of-living crisis which started in 2021 when a rapid rise in inflation caused prices on food, energy and other essentials to rise dramatically. Within the span of just one year, consumer price inflation increased by more than 10%. Whilst inflation is currently falling, it would be ill-informed to draw the conclusion that we are no longer in a cost-of-living crisis.

UR - https://www.scottishinsight.ac.uk/Programmes/OpenCall202223/ConsumerResilience.aspx

M3 - Commissioned report

BT - Cost-of-Living Crisis

PB - Scottish Universities Insight Institute

ER -

Cost-of-Living Crisis: Consumer Resilience and Stakeholder Interventions

Abstract

UN SDGs

Other files and links

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Consumer Experiences of the Cost-of-Living Crisis

Cite this