Lower Income Households 'Struggling To Pay For Accommodation'

More than one in four of the poorest households has had difficulty paying for their accommodation in the last year, compared with just 7% of those in the top fifth by income, according to a new report.  The Resolution Foundation said almost a third of the lowest income households have debts of four times their gross income. An increase in inequality appears "inevitable", even with the introduction of the £7.20 an hour national living wage from April, predicted the think-tank's chief economist Matt Whittaker. People on lower incomes are more likely to be spending over a third of their gross income on mortgage repayments, he added. Read more on the BT website.