Mark Whitehead 30 May 2017

‘Rent-burdened Brits’ spend half of income on housing costs

‘Rent-burdened Brits’ spend half of income on housing costs image

People on low wages spend nearly half their working day earning enough to pay their rent, according to housing campaigners.

Shelter says paying for a one-bedroom home typically costs ‘rent-burdened Brits’ 44% of their income.

The group earns between £16,000 and £23,000 a year and includes hairdressers, security guards, factory workers, care home staff and fitness instructors.

Shelter is urging the next Government to build half a million of ‘living rent’ homes for ordinary working families over the next five years.

Director of communications, policy and campaigns Anne Baxendale said: ‘Colossal amounts of people’s time and money are being snatched away by eye-watering rents, which is a kick in the teeth when they are toiling so hard for their futures.

‘With such a huge chunk of their salaries spent on keeping a roof over their heads, many are forced to dip into savings or are getting into debt to cover other essentials and stay afloat.

‘The next government can make a real difference by building half a million new living rent homes for ordinary working people and families.

‘This will give them the chance for a far stronger future, instead of being left to scrape by.’

PWLB hike: A rise too far? image

PWLB hike: A rise too far?

What impact will the increase to the Public Works Loan Board rate have on councils’ housing and other capital schemes? Neil Merrick investigates.
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