Homeowners 42 Times More Wealthy Than Social Housing Tenants

Austerity policies implemented over the past decade have intensified the gap between those living in social housing and those in other tenures. Six in 10 social tenants are in the bottom 10% of the wealth spectrum, with many seeing a fall in wealth in recent years, while the wealth of the richest homeowners has soared. Less than one in five social tenants have any savings, compared to two-thirds of homeowners and one-third of private renters. Social tenants who do have savings have far less than households in other tenures. Three-quarters of social tenants are ranked in the bottom 40% of the national income spectrum, with almost half placed in the poorest 20%. Read more on Inside Housing.

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