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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