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Monday, November 24, 2014

Private rented sector sees poverty double

The Joseph Rowntree Foundation (JRF) have reported on the increasing number of working households who now face poverty. The shift has been blamed on a unstable job market, zero hours contracts and wage stagnation.

The JRF report that young adults and workers are now more at risk of experiencing poverty than pensioners. 

The JRF report deduces that - There are now as many people in poverty in the private rented sector as the social rented sector (around 4m in both). The private rented sector is increasingly insecure – the number of repossessions in the private rented sector is rising while mortgage repossessions are falling.

Download the JRF Report - Monitoring Poverty and Social Exclusion 2014

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