You are here: Home - Household Bills - News -

Housing crisis drives in-work poverty to record high

0
Written by:
07/12/2016
One in every eight workers in the UK – the equivalent of 3.8 million people - lives in poverty, according to research.

A total of 7.4 million people, including 2.6 million children, are in poverty despite being in a working family. This means that a record high of 55% of people in poverty are in working households, the study commissioned by the Joseph Rowntree Foundation found.

Since 2010/11, when the economic recovery began, in-work poverty has increased by 1.1 million people.

The rise is driven by the UK’s housing crisis, particularly high costs in the private rented sector, the report said.

The number of people living in poverty in the private rented sector has doubled in a decade, from 2.2 million people in 2004/5 to 4.5 million people today.

More than half of people in poverty in England live in London and southern England, and the capital has the highest poverty rate at 27%, 6% above the UK average.

“Families who are just about managing urgently need action to drive up real-term wages, provide more genuinely affordable homes and fill the gap caused by cuts to Universal Credit, which will cost a working family of four almost £1,000 per year,” said Helen Barnard, head of analysis at the Joseph Rowntree Foundation.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
November house price boost belies downward trend

House prices in November picked up on monthly, quarterly and annual measures, an index reveals.

Close