International News • Average amount spent on rent in the UK is 38% of net income
By Tricia Phillips 1 Comment 30 May 2012 00:00
High rents forcing thousands into debt
A Rightmove report revealed the average amount spent on rent in the UK is 38% of net income
ONE in three tenants say they have to cough up more than half of their take-home pay on rent.
A Rightmove report revealed the average amount spent on rent in the UK is 38% of net income and six in 10 predict their rent will rise during the next 12 months.
This comes hot on the heels of a warning from debt charity the Consumer Credit Counselling Service that high rents are forcing thousands into hardship.
More than 10,000 people asked the charity for help with rent arrears in 2011 – a 27% increase on 2010.
Kay Boycott from housing charity Shelter said: “These figures paint a worrying picture of the rising numbers of families facing a monthly battle to keep a roof over their head.
"High unemployment and rising living costs continue to take their toll.”
Statistics: Posted by yoda — Wed May 30, 2012 9:45 am
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