Our research paints a gloomy picture of worried and pessimistic consumers, with a majority expecting their household budget to get even tighter than last year.
People have as little money to spend now as they had at the start of the recession four years ago, with many simply unable to prepare for unexpected costs or for their retirement.
There's no doubt that the big squeeze has turned into a long squeeze. The assault on real incomes is unlikely to change for the better soon, with consequences not only for individual consumers but also for economic recovery.
More top news
It is 20 years since the first episode of Friends aired on TV. Here are some fun facts you might not know about the long-running sitcom.
A member of FIFA's Executive Committee believes Qatar will be stripped of the 2022 World Cup because of concerns about the soaring heat
Anti-discrimination campaigners have offered their support to Mario Balotelli after he received a tide of racist abuse on Twitter