8 Million People One Paycheque Away From Losing Their Home

One in three people could not pay their rent or mortgage for more than a month if they lost their job, new figures from a YouGov survey for Shelter show. Of those questioned:

    *35%, equivalent to 8.6 million people, could not pay their rent or mortgage from their savings for more than a month.

    *18%, equivalent to 4.4 million people, wouldn’t be able to pay their rent or mortgage at all if they couldn’t secure a new job immediately.

The research reveals families with children are in the most precarious situation. 43% could not pay for their home for more than a month, and nearly a quarter (23%) could not meet their payments at all. In total, 3.9 million British families may be just one paycheque away from losing their family home. Read more on the Shelter website.