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Pinched by housing costs: One million working families forced to spend more than half their income on rent or mortgage
Rachel Rickard Straus, This is Money
Hilary Osborne, The Guardian
Gavin Kelly at CIPFA conference
8 July 2014
Gavin Kelly is interviewed at the Chartered Institute of Public Finance conference.
The Resolution Foundation is a think-tank that works to improve the lives of people on low to middle incomes.
3rd September 2014
Close to 1.6 million UK households – the housing pinched – are spending more than half their disposable income on the ongoing costs of housing each month.
Of the 1.6 million housing pinched, retired households and working age households in which nobody works account for just over a third (7 per cent – 110,000 households – and 30 per cent – 480,000 households – respectively). Leaving these two groups aside, there remain close to 1 million working households who are spending over half their disposable income on housing costs.