Friday, 13 October 2017

Low-Income Tenants Battle Soaring Rents

Low-income tenants are now spending an average of 28% of their wages on rent, up from 21% in the mid-1990s, new research indicates. They have been hit by substantial cuts to housing benefit, with government support expected to fall "further and further behind" the cost of housing, says the Institute for Fiscal Studies. Over the same period of time, the proportion of people renting homes privately has increased from 8% to 19%. Average private rents have gone up 33%. Download the report from the IFS website.

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