Back to today’s briefing

Story perspectives

34% of Income Spent on Housing Amid Crisis

5/16/2025

32 7

Summary

Story summary

The 2023-24 English Housing Survey paints a grim picture of the housing crisis in England. Private renters are now dedicating a staggering 34% of their income to housing, with low-income individuals bearing the brunt. In London, the dream of homeownership feels increasingly out of reach, while 1.5 million young adults remain hidden in their parents' homes, yearning for stability.

1 of 1

Story summary

The 2023-24 English Housing Survey paints a grim picture of the housing crisis in England. Private renters are now dedicating a staggering 34% of their income to housing, with low-income individuals bearing the brunt. In London, the dream of homeownership feels increasingly out of reach, while 1.5 million young adults remain hidden in their parents' homes, yearning for stability.