Tuesday, 19 March 2013

Impact of Rising Rents on Family Life Revealed

Almost two thirds of renters are struggling or falling behind with their rent, according to a new survey by Shelter.  The survey of 4,300 private renters – the biggest of its kind ever conducted – also shows the knock-on effect rising rents are having on family life.
    1 in 3 renters are cutting back on birthday and Christmas presents.
    1 in 4 renting families are visiting family and friends less.
    1 in 7 renters have used a credit card to pay their rent.
    1 in 12 renting parents have borrowed money from their children to pay the rent.
26% of those surveyed said they had faced a rent rise in the last year, with families with children more likely to be facing difficulties.

The study also revealed 6% of renters, the equivalent of almost 515,000 people, had been forced to move home because of a rent rise. Read more on the Shelter website.

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