Wednesday, 22 May 2013

Quarter of Poor Families Struggle with Housing Costs

One in four low-to-middle income households are spending more than 35 per cent of their income on housing, a report has found.  The study from the Resolution Foundation think tank has found 1.3 million low-income families across Britain are spending more than they can afford on housing.  Of the 1.3 million, 590,000 are private renters, 585,000 are homeowners with a mortgage, and 100,000 are social renters. The think tank says there are 5.6 million working age households that fall into the low-to-middle income bracket across Britain.  Read more on Inside Housing.

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