One in three people would be unable to pay their rent or mortgage for more than a month if they lost their job, new figures from Shelter reveal.
One in three of us are potentially one paycheck away from homelessness, with a new survey showing that many people would be unable to pay their rent or mortgage for more than a month if they lost their job.
Families with children are living even more precariously, with almost half (43 per cent) admitting they could not pay for their home for more than a month, and nearly a quarter (23 per cent) saying they could not meet their payments at all, according to the figures released today by homeless charity Shelter.
Of those questioned:
- 35 per cent, equivalent to 8.6 million people, could not pay their rent or mortgage from their savings for more than a month.
- 18 per cent, equivalent to 4.4 million people, wouldn’t be able to pay their rent or mortgage at all if they couldn’t secure a new job immediately.
Shelter chief executive Campbell Robb said the figures painted “an alarming picture of a nation where the buffer between having a home and potentially becoming homeless is a single paycheque”.
“Millions are living on the edge of a crisis, only secure in their homes for a matter of weeks. At the same time, support for people who have lost their homes is being stripped away – it’s easy to see why every fifteen minutes, another family in England finds themselves homeless.”Like this article? Sign up to Left Foot Forward's weekday email for the latest progressive news and comment - and support campaigning journalism by making a donation today.