Renters have poorer disposable income than homeowners

24th March 2017

Private renters are twice as likely to have no savings than mortgage holders and regularly cut back on food, according to a report from the University of Bristol commissioned by the finance website Momentum UK. The Financial Wellness Index shows almost one in three private renters have less than £100 in savings, compared to one in seven (15%) people with a mortgage on their home. Private renters send roughly half their salary to their landlord each month, and around 60% of renters also do not have a pension, compared to just over a quarter of people who are paying off a mortgage.

City AM (22/03/2017)