Tuesday, 9 September 2014

Housing Costs Put 3.4 Million Households on a Financial Knife-Edge

More than 3 million households across the country are living on a knife-edge where a small drop in income could cost them their home, new figures reveal. New analysis of government data by the University of St Andrews, on behalf of Shelter, found that 1 in 8 households in the UK are surviving on low incomes while paying unaffordable housing costs, putting them under huge financial pressure. The research paints a worrying picture of families pushed close to breaking point, with further statistics showing that more than 1 in 10 working families in England have had to sell possessions to cover their housing costs. Read more on the Shelter website.

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