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Poverty and the re-growth of private renting in the UK, 1994-2018

Over the last two decades, private renting has undergone a major revival in the UK, more than doubling its share within the housing system. Young adults increasingly remain in the sector into their 30s, giving rise to the term ‘Generation Rent’. Using data from the UK’s Family Resources Survey, this...

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Detalles Bibliográficos
Autor principal: Bailey, Nick
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7001905/
https://www.ncbi.nlm.nih.gov/pubmed/32023292
http://dx.doi.org/10.1371/journal.pone.0228273
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author_facet Bailey, Nick
author_sort Bailey, Nick
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description Over the last two decades, private renting has undergone a major revival in the UK, more than doubling its share within the housing system. Young adults increasingly remain in the sector into their 30s, giving rise to the term ‘Generation Rent’. Using data from the UK’s Family Resources Survey, this article shows how reliance on the sector varies by poverty status, particularly for young adults and children. In 2017/18, 42 per cent of adults under 40 in low-income poverty lived in private renting, compared with just 26 per cent of non-poor. This is almost double the proportion of 20 years earlier. Private renting is now home to more poor adults under 40 than owner occupation and social renting combined. In addition, one in three children in poverty (36 per cent) now lives in private renting, three times the level of 20 years ago. For both adults and children, rates are even higher in London and the South. Although rates of increase have slowed in recent years, this dramatic shift in the housing circumstances of those in poverty has a number of implications for housing and social policy which have not yet been sufficiently recognised.
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spelling pubmed-70019052020-02-18 Poverty and the re-growth of private renting in the UK, 1994-2018 Bailey, Nick PLoS One Research Article Over the last two decades, private renting has undergone a major revival in the UK, more than doubling its share within the housing system. Young adults increasingly remain in the sector into their 30s, giving rise to the term ‘Generation Rent’. Using data from the UK’s Family Resources Survey, this article shows how reliance on the sector varies by poverty status, particularly for young adults and children. In 2017/18, 42 per cent of adults under 40 in low-income poverty lived in private renting, compared with just 26 per cent of non-poor. This is almost double the proportion of 20 years earlier. Private renting is now home to more poor adults under 40 than owner occupation and social renting combined. In addition, one in three children in poverty (36 per cent) now lives in private renting, three times the level of 20 years ago. For both adults and children, rates are even higher in London and the South. Although rates of increase have slowed in recent years, this dramatic shift in the housing circumstances of those in poverty has a number of implications for housing and social policy which have not yet been sufficiently recognised. Public Library of Science 2020-02-05 /pmc/articles/PMC7001905/ /pubmed/32023292 http://dx.doi.org/10.1371/journal.pone.0228273 Text en © 2020 Bailey http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Bailey, Nick
Poverty and the re-growth of private renting in the UK, 1994-2018
title Poverty and the re-growth of private renting in the UK, 1994-2018
title_full Poverty and the re-growth of private renting in the UK, 1994-2018
title_fullStr Poverty and the re-growth of private renting in the UK, 1994-2018
title_full_unstemmed Poverty and the re-growth of private renting in the UK, 1994-2018
title_short Poverty and the re-growth of private renting in the UK, 1994-2018
title_sort poverty and the re-growth of private renting in the uk, 1994-2018
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7001905/
https://www.ncbi.nlm.nih.gov/pubmed/32023292
http://dx.doi.org/10.1371/journal.pone.0228273
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