Soaring rents will leave nearly six million private
renters living in poverty by the year 2040, new research for the Joseph
Rowntree Foundation has predicted. The
current generation of primary school children face paying private rents that
are 90% higher than the cost of renting at the start of the recession. The JRF
say a continuing decline in home ownership and social renting, together with a
lack of new homes, will exacerbate the problems future households face. By
2040, just one in 10 will be living in social housing, down from the current
figure of 8.2 million to 5.7 million in 2040. Meanwhile, social rents will
increase 39% to reach £92.10 per week in real terms. Download a copy of the report from the JRF
website.
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