However renters are paying considerably more for their homes than 20 years ago. The average (median) private rent paid in the mid-2010s was 53% higher than that in the mid-1990s in London and 29% higher in the rest of Britain. not seem to be explained by improvements in the quality of rented properties. Low-income renters spend a higher portion of their income on rent than higher-income renters, even after accounting for the help they get through housing benefit.
The researchers also look at the impacts of nigeria rcs data housing benefit reforms and predict future implications for tenants.
Resolution Foundation
The Resolution Foundation have used data from the Labour Force Survey, the Family Expenditure Survey, Households Below Average Income and the English Housing Survey to compare the housing outcomes achieved by different generations over their life course and assess the extent to which intergenerational inequalities exist when it comes to security, affordability and quality of housing.
Their research also showed that young people in Britain are spending three times more on housing than their grandparents did. Those now in their 70s and 80s spent just 7% of their annual income on housing at the age of 30. The baby-boom generation – now in its 50s and 60s – spent 17% of income at the same age. However, millennials – those now in their 20s and 30s – spend 23% of everything they earn on housing costs.