News
Rent costs
Young workers pay over 40% of their salary on rent, reveals a survey undertaken at the recent TUC Big Youth Debate. The survey of 2,300 young people found that, of those respondents renting and in work, the average rent-to-salary ratio (the proportion of a person’s pay taken up by their rent) is 41%.
For single earner households, this is well above the 33% household income threshold for affordable housing recommended by the Shelter housing charity.