Wednesday 23 July 2014

“Midlife stopgap” renter numbers growing

New research from Experian shows that high house prices have forced many single people between the ages of 35 and 55 into small rental accommodation or flat shares. Termed "midlife stopgap" these individuals who are either single or newly separated have become the largest group of renters in the UK, after students, the report found. This group tend to be in full-time employment on an average salary of £20,000 to £29,000. "Renting is no longer the preserve of the young career starters but we increasingly see groups of older people and people of varied wealth joining them," said Nigel Wilson, marketing director at Experian.



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