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Daily Mirror
Daily Mirror
Business
Levi Winchester

'I dream of buying my first home - but rising costs mean I've had to cut savings by 75%'

Single mum Michelle Steele dreams of owning her own home - but the cost of living crisis has forced her to dramatically cut her savings.

The 44-year-old, an assistant manager working at a UK bank, lives in a rented flat in southeast London with her son Louis, aged 16.

She used to put away £100 from her salary each month toward a house deposit, but has now had to slash this by 75% to £25 due to rising costs.

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