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Three million working renters one pay cheque away from arrears ‒ Shelter

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  • 19/09/2019
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Almost half of working renters would be unable to pay the rent just one month after they lost their jobs, according to a survey by housing charity Shelter and YouGov..

 

The situation is even more stark for those with children, where 60 per cent could be one pay cheque away from falling behind after a month. 

The survey found that 63 per cent of private renting households have no savings at all, a fact Shelter said was not surprising given they spent an average of 41 per cent of their monthly income on rent alone.

The charity said the results were a clear sign that more social homes were required as a “genuinely affordable” alternative to private renting.

Polly Neate, chief executive of Shelter, said that politicians had “super-charged our housing emergency” by allowing the number of truly affordable social homes to fall.

She continued: “Millions of working people are now caught in an endless cycle of paying grossly expensive private rents they can barely afford – with all the insecurity that brings. Many are terrified that even a short-term dip in income could result in them losing their home for good.”

 

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