Friday, 9 May 2014

Finances Worsening For Social Tenants on Low Incomes

Two in three low-income households living in social housing feel their finances have worsened in the last year, according to a survey. Charity Turn2us, which helps people access benefits and other financial help, surveyed 2,008 adults on incomes of £25,000 or less. Of these, 65 per cent of the 308 social tenants surveyed said their financial situation has worsened in the last year. The survey found that on average, people living in social housing are forced to spend more than half of their monthly income on utility bills and food. Just under half - 47 per cent - of social housing tenants said their outgoings now outweigh their earnings. A total of 53 per cent of social housing tenants have had no choice but to cut back on food and other essentials. Read more on Inside Housing.

No comments: