Poorest households spend biggest proportion of income on housing, says think tank
POLITICAL parties need to get “serious” about easing the heavy burden of the housing crisis on those with the lowest incomes, a think tank has said.
Ahead of next month’s general election, the Resolution Foundation today urged parties to recognise that lower-income households need the most help after being at the sharpest end of the crisis.
It said that for the poorest households with the bottom fifth of incomes, the proportion of money spent on housing has more than doubled since 1980 — from 15p to 40p in every pound.
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