Wednesday, 16 March 2016

Young Families Priced Out Of Rental Markets In Two-Thirds Of The UK

Having a child while living in rental accommodation has become unaffordable for young families in two-thirds of the UK.  Using the average regional full-time wage for workers in their 20s and 30s and the cost of privately renting a two-bed home in the area, the Guardian, in conjunction with Generation Rent, found that young couples would have to spend more than 30% of one full-time earner’s wage to keep a roof over their head in 66% of the country. There is no official definition of what a family can afford in the UK, but housing charity Shelter says it amounts to 33% of income, while the National Housing Federation says it is 25%. he findings have renewed calls from MPs and housing campaigners for rent caps to be reintroduced after being abandoned more than 20 years ago. Read more on the Guardian website.

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