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Wales Online
Wales Online
Vicky Shaw, PA Personal Finance Correspondent & Will Maule

Many working age households ‘behind on or struggling with housing costs’

More than two in five (44%) working age households reported being either behind on or struggling with housing-related costs in November, according to a think tank.

The proportion of those who have fallen behind or are struggling has jumped from 26% during the depths of the coronavirus pandemic in January 2021, according to the Resolution Foundation’s figures. The latest survey found that while 6% of working age households had fallen behind on their housing costs in November last year, a further 38% had met their costs, but struggled.

The Foundation suggested that while the Covid-19 crisis worsened housing stress, the current cost-of-living crisis has delivered a more extensive shock to households. Researchers found 8% of private renters reported falling behind on housing costs in the three months leading up to November 2022.

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