One in eleven people in Britain fear they won’t be able to afford their rent or mortgage at the end of this month.
Research from Shelter, based on a YouGov survey of more than 4000 British adults, shows household budgets across the country at breaking point, and suggests that millions will start the New Year worried about keeping their homes.
Families are the worst affected, with over 70% of rent or mortgage payers with children currently struggling or falling behind with their payments, compared to 63% of the general population.
Shelter is warning that many people, feeling overwhelmed by money worries, will put off overdue bills until it’s too late, placing their homes at risk.
The findings revealed a worrying trend of people unable to face up to their financial difficulties, with nearly one in five saying they’ve not opened post if they thought it was a bill or late payment reminder.
Campbell Robb, chief executive of Shelter, said: "It’s a worrying sign of the times that so many are starting the New Year worried about how they’ll pay their rent or mortgage in 2014. Unless they get help, some of the families struggling now could face the very real prospect of losing their home this year."
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Campbell Robb, chief executive of Shelter, said: "It’s a worrying sign of the times that so many are starting the New Year worried about how they’ll pay their rent or mortgage in 2014. Unless they get help, some of the families struggling now could face the very real prospect of losing their home this year."
What does Campbell Rob mean by 'help'? perhaps his organisation could offer help and pay rents on behalf of tenants.......
Out of every eleven people, how many actually have a mortgage or pay rent?
I am surprised to find out that children are expensive little...s.
Well , no, my own children arrived when we had a mortgage and lower pay as is the norm for young people. We held on and made damn sure that the mortgage was paid (18% at one point). We never even had a holiday abroad or a takeaway. Being poor is one thing, planning a period of doing without for a better future is another thing. Do shelter know the difference or is this simply forgotten in order to make things look worse?
In other words, people overspent at Christmas!
Hardly need a crystal ball or Shelter to work that one out!
Shelter's next headline
"Tenants can afford rent or food due to lettings agents admin fees"
Finally some good news from Shelter. Last months depressing facts stated 1 in 5 weren't going to able to pay their rent! Seems the economy is improving.
HUZZAH
GoodNewsJunkie
Apparently you can make it up.
The dumbing down of GCSE's means that A* mathematics is the same as a good D at O level subsequently no-one ever challenges the 2+2 maths of Shelter. 2 + 2 might look like 22 but maths is a science and you can't simply do what you like with the numbers to prove a point.
Inflation figures are being manipulated to avoid interest rate rises. Empty/ overdrawn coffers was Alistair Darling's present to George Osbourne. Disguised inflation rates of 5 or 6% will be the present waiting for Ed Balls on May 16th 2015