Young Londoners on low incomes spend 77 per cent of earnings on housing, report finds

Londoners in their late 20s on low incomes are now spending an eye-watering 77 per cent of their income on housing costs, a new report has found.

The City Hall investigation found that in other parts of the country, people aged 25-29 and on below-average incomes spend less than half that amount, at 33 per cent of their income.