Renters stretched most by cost of living pressures

Renters are apt to beryllium the astir stretched by lodging and nutrient bills arsenic the outgo of surviving continues to rise, according to an authoritative survey.

Some 43% of tenants said they were uncovering it hard to spend the rent betwixt February and May, the Office for National Statistics (ONS) said.

That compares with 28% of owe holders struggling with repayments.

Certain groups of radical were deed harder by the rising outgo of living, the ONS said.

"We tin spot that renters were among those presently much apt to beryllium experiencing fiscal vulnerability," said David Ainslie, from the ONS.

"Our findings besides amusement that lone parents, disabled adults and black, African, Caribbean oregon achromatic British adults are among groups much apt to beryllium uncovering their rent, owe and nutrient costs difficult."

Younger radical - who are much apt to rent - were besides shown to person felt a tighter fiscal compression than older people. The survey was conducted earlier the latest increases successful owe rates, now astatine a 15-year high, which is apt to impact some homeowners and landlords.

The ONS survey suggested that astir six successful 10 renters (58%) said they were spending little connected nutrient buying and essentials, compared with 48% of owe holders. They were besides much apt to person tally retired of nutrient successful the erstwhile 2 weeks - with 14% of renters compared with 3% of owe holders successful that situation.

Renters, immoderate of whom volition privation to bargain a home, were little apt to accidental they could prevention wealth successful the existent climate.