Hannah Alridge today published a disturbing yet insightful article regarding the link between the Private Renter Sector and poverty. The headline reads 'What's behind the massive increase of renters in poverty?'
Hannah reports - 'This shifting mix of poverty brings a new set of problems. The most obvious way the private rented sector stands out is the higher rents. Typically a private renter will spend about 31% of their income on housing costs compared to 15% for homeowners and 19% for social renters. For the poorest fifth of private renters this rises to 55%. With a growing number of people in poverty having to pay full-market prices for housing, these rents become a major issue in pushing people below the poverty line.' to read more click the link - http://www.theguardian.com/housing-network/2014/nov/26/-sp-private-renters-living-in-poverty