Thursday 17 April 2014

Financial Situation Deteriorating For Most Low Income Social Housing Tenants

Almost two thirds of social housing households feel that their financial situation has worsened in the last year, a survey has revealed. The study, by charity Turn2us, has found that on average, people living in social housing are forced to spend over half (55%) of their monthly income on utility bills and food. Meanwhile, those living in the private rented sector have to spend over a quarter (26%) of their income on rent. Worryingly, just under a half (47%) of social housing tenants say their outgoings now outweigh their earnings. Read more on 24dash.

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