Martin Lewis warns households 'quite a way' from feeling better about living standardsBBC Newsnight
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00:00When are people going to feel better off, Martin?
00:04I think there's a long time till we go back to where we were.
00:07There are two reasons for that.
00:09While, hopefully, real incomes will continue to increase
00:13and there will be some catch up, mentally, it
00:16takes us a long time to adjust.
00:19When you go into the supermarket and you
00:20buy something that used to cost a pound
00:23and it now costs two pounds, which happens,
00:25I mean, that's well above average rate of inflation,
00:27but it happens on some items, that you
00:29feel aggrieved and you feel angry
00:32and you don't like the situation.
00:34When your bills are constantly going up
00:36and you're paying nearly double what you feel
00:38is right for your energy bills, it
00:41does feel like the fiscal walls are closing in on people.
00:45I still think we are quite away from people feeling better.