Lake South
Households in poverty in Lake South pay on average £347 a year in poverty premiums. This is vital money that people on low incomes could be spending in their local economies and helping them keep their heads above water in the cost-of-living crisis.
The impact on Lake South
£148,598
Total cost of the poverty premium across the ward
£347
The average additional cost each affected household in poverty pays per year
96%
What proportion of households in poverty pay a poverty premium?
7518th
out of 7900
Where does my ward rank for mean cost of poverty premium per affected household?
1 = highest average poverty premium
429
How many households are living in poverty?
5
Average deprivation level across the ward
Areas are scored from 1 to 10.
1 = most deprived
10 = the least deprived
How much more are people in poverty paying based on the different types of premium in Lake South?
£153
Energy poverty premium
paid by 61% of households in poverty
£273
Food poverty premium
paid by 38% of households in poverty
£149
Insurance poverty premium
paid by 68% of households in poverty
£126
Credit poverty premium
paid by 21% of households in poverty
The National Picture
Below is a breakdown of the poverty premium at a national level.
£2.8
Billion
The total cost of the poverty premium to the british economy
95%
of households in poverty across britain pay a poverty premium
£380
The average additional cost each low-income household pays per year
Further Information
For further information download our briefing or get in touch via fbd@barrowcadbury.org.uk to speak to our team about the findings.