UK Renters' Financial Struggles
Renters in the UK have an average of £440 disposable income monthly after bills and essentials, almost half of the £872 reported by homeowners.
Despite limited budgets, 27% of renters check their credit score monthly, compared to 20% of homeowners.
The combination of low disposable income and high house deposits prevents many from becoming homeowners, even for those who aspire to it.
- 35% of UK households are rented
- 4.7 million homes are in the private rented sector
- 4 million homes are in the social rented sector
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Author's summary: Renters in the UK face financial struggles.