Rents squeeze on up

Evening Telegraph (Late Extra Edition) - - PUZZLES -

HOUSE­HOLDS on low in­comes are be­ing left par­tic­u­larly ex­posed to rental in­creases as hous­ing costs eat up a grow­ing pro­por­tion of their money, anal­y­sis by the In­sti­tute for Fis­cal Stud­ies (IFS) has shown.

It said “sub­stan­tial” cuts to hous­ing ben­e­fit in re­cent years have led to rental pay­ments now us­ing up an av­er­age of 28% of the non-hous­ing ben­e­fit in­come of low-in­come pri­vate renters.This is up from 21% in the mid-1990s.Those on low in­comes were de­fined as be­ing in the bot­tom 40% of the in­come dis­tri­bu­tion in their area.

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