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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.

Nearly a fifth (19%) of social renters reported falling behind with their housing costs, as did 4% of mortgage holders. Some of those surveyed owned their home outright. Many mortgage holders have not felt the immediate impacts of interest rates rising due to being on a fixed-rate mortgage deal, but they could see their costs increase when their current deal comes to an end.

Nearly half (48%) of social renters reported being unable to afford to replace electrical goods, or switch the heating on when needed, researchers found. Cara Pacitti, senior economist at the Resolution Foundation, said: “With many renters reaching the limits of already depleted finances, this squeeze is having profound impacts on their household budgets and wellbeing.”

The Foundation, which is focused on improving living standards for people on low to middle incomes, commissioned a YouGov survey which included nearly 8,000 working age people aged 18 to 65 across the UK in November 2022 for its latest research. The findings were compared with a previous YouGov survey in January 2021 of more than 6,300 18 to 65-year-olds.

A range of cost-of-living support measures are in place to help households, including targeted support for those who are particularly vulnerable. People can find out more about the help available at

For more stories from where you live, visit InYourArea.

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