Scottish Household Survey Bulletin No.6 : page 14

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Scottish Household Survey Bulletin No.6

7. Household finance

The SHS also gathers data on the financial situation of households in Scotland. This section examines household income, how well households are managing financially and whether they have any savings and investments.

Overall, 26% of households had an annual net income of over £20,000, with 37% of households having an income of less that £10,000 per annum.

Table 49 shows household income by the urban/rural classification. Households in 'accessible rural' areas are most likely to have a net household income of £20,000 per annum or more (35%), while those in 'very remote small towns' are the least likely (21%).

Table 49: Annual net household income by urban/rural classification

Column percentages
Households

	The four cities	Other urban areas	Accessible small towns	Remote small towns	Very remote small towns	Accessible rural	Remote rural	Very Remote rural	Total
Up to £6,000	15	12	12	14	14	13	15	16	14
Over £6,000 to £10,000	26	24	21	24	26	18	19	22	23
Over £10,000 to £15,000	22	22	22	22	23	19	22	21	22
Over £15,000 to £20,000	14	16	17	17	16	17	17	18	15
Over £20,000	23	26	27	24	21	35	27	24	26
Base	9,781	9,131	2,849	495	882	3,710	715	1,745	29,308

In relation to local authority groupings, the Lothians and Grampian have the highest proportions of households with net annual incomes of over £20,000 (33% and 32%), while Glasgow has the lowest (16%). Glasgow has the highest proportion of households with net incomes of £10,000 or less (48%) (Table 50).

Table 50: Annual net household income by local authority grouping

Column percentages
Households

	Edinburgh	Glasgow	Fife	North Lanarkshire	South Lanarkshire	Highlands and Islands	Grampian	Tayside	Central	Dunbartonshire	Renfrewshire and Inverclyde	Ayrshire	Lothians	Southern Scotland	Total
Up to £6,000	14	17	14	11	11	15	13	15	13	12	13	14	10	13	14
Over £6,000 to £10,000	20	31	23	24	23	22	19	23	22	23	26	25	21	22	23
Over £10,000 to £15,000	22	24	20	26	22	22	19	21	20	19	20	21	21	23	22
Over £15,000 to £20,000	14	12	17	15	15	17	17	15	16	16	16	15	16	18	15
Over £20,000	30	16	27	24	29	25	32	26	30	30	25	24	33	23	26
Base	2,403	2,971	1,851	1,584	1,514	3,989	2,344	2,118	1,976	1,105	1,923	2,117	1,956	1,464	29,315

Table 51 shows how well household respondents say they are managing financially these days by the urban/rural classification. Overall, 40% of households manage 'very' or 'quite well', 44% 'get by all right' and 15% either 'don't manage very well' or are 'in financial trouble'. The table shows a broadly similar pattern across the different area types.

Table 51: How well household is managing financially these days by urban/rural classification

Column percentages
Households

	The four cities	Other urban areas	Accessible small towns	Remote small towns	Very remote small towns	Accessible rural	Remote rural	Very Remote rural	Total
Manage very well	11	10	12	9	13	13	12	14	11
Manage quite well	27	30	30	33	27	32	26	30	29
Get by alright	44	46	44	43	44	42	47	40	44
Don't manage very well	8	6	5	5	4	5	5	7	7
In financial trouble	9	8	8	9	11	7	9	8	8
Refused	0	0	1	1	0	0	1	0	0
Base	10,109	9,340	2,899	507	902	3,815	742	1,782	30,096

Table 52 shows that households in Edinburgh are more likely than households in the other Local Authority groupings to be 'managing very well' or 'managing quite well' (48%), while households in Glasgow are least likely to say so (28%).

Table 52: How well household is managing financially these days by local authority grouping

Column percentages
Households

	Edinburgh	Glasgow	Fife	North Lanarkshire	South Lanarkshire	Highlands and Islands	Grampian	Tayside	Central	Dunbartonshire	Renfrewshire and Inverclyde	Ayrshire	Lothians	Southern Scotland	Total
Manage very well	15	7	11	7	9	13	13	13	13	12	12	8	12	11	11
Manage quite well	33	21	30	27	31	30	32	31	30	27	28	30	31	30	29
Get by alright	38	49	46	49	48	43	43	43	42	44	44	46	43	45	44
Don't manage very well	5	12	5	6	6	6	5	6	7	8	5	5	6	6	7
In financial trouble	8	10	8	11	6	9	6	8	7	9	10	9	8	7	8
Refused	0	0	1	1	0	1	0	0	0	0	0	1	0	1	0
Base	2,476	3,109	1,889	1,609	1,591	4,083	2,405	2,189	2,014	1,119	1,978	2,156	2,013	1,476	30,107

At the individual local authority level, around one fifth of households in the City of Glasgow, West Dunbartonshire, Eilean Siar and Clackmananshire say they are 'not managing very well' or are 'in financial trouble' (22%, 21%, 20% and 19% respectively) (No table).

Overall, 53% of households in Scotland have some savings or investments. Generally, households in rural areas are more likely to have savings or investments than those in urban areas.

Households in 'very remote rural areas' are the most likely to have savings or investments, whilst households in 'the four cities' are the least likely to do so (68% and 48% respectively) (Table 53).

Table 53: Whether household has any savings or investments by urban/rural classification

Column percentages
Households

	The four cities	Other urban areas	Accessible small towns	Remote small towns	Very remote small towns	Accessible rural	Remote rural	Very Remote rural	Total
Yes	48	52	56	62	58	64	63	68	53
No	45	42	38	30	37	30	29	28	40
Refused	7	6	5	8	4	6	6	4	6
Don't know	1	1	0	1	0	0	1	0	1
Base	10,118	9,344	2,901	507	903	3,818	743	1,784	30,118

Grampian has the highest proportion of households who have savings or investments (66%), followed by Southern Scotland (64%) and Highlands and Islands (63%). North Lanarkshire and Glasgow have the lowest proportion of households with savings or investments (35% and 37% respectively) (Table 54).

Table 54: Whether household has any savings or investments by local authority grouping

Column percentages
Households

	Edinburgh	Glasgow	Fife	North Lanarkshire	South Lanarkshire	Highlands and Islands	Grampian	Tayside	Central	Dunbartonshire	Renfrewshire and Inverclyde	Ayrshire	Lothians	Southern Scotland	Total
Yes	57	37	55	35	50	63	66	55	60	56	52	49	54	64	53
No	36	54	38	54	43	31	30	39	35	41	37	45	41	31	40
Refused	6	8	6	11	7	6	4	6	5	3	10	6	4	4	6
Don't know	1	1	1	0	1	0	0	1	0	0	1	0	0	0	1
Base	2,477	3,113	1,890	1,610	1,591	4,086	2,407	2,189	2,016	1,119	1,979	2,158	2,014	1,480	30,129

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