Numbers in poverty by housing tenure

23rd Mar 2017

More renters are in poverty than homeowners.

Hidden

Source: Households Below Average Income (HBAI), Department for Work and Pensions, UK, 2016

Since 2006/07 the number of homeowners owning their home outright or buying with a mortgage, in poverty has decreased. This is a different trend to renters who, in the same period, have seen their numbers increase. For those in the private rented sector, this increase has been around 40%.

Poverty is measured as the proportion of people living in households with an after housing costs income below 60 per cent of the contemporary median household income.