Property News · August 9, 2023

Housing costs making UK households much poorer than US peers, study finds


Report says wealth gap would be wider if not for over-priced or ineffective services such as healthcareThe average US householdis almost a third richer than its UK counterpart and most of this difference is down to housing being cheaper in the States, according to a study by a leading thinktank.If it were not for the fact that homes are 40% less expensive a square metre on average in the States – allowing them to live in much larger properties for the same outlay – US households would have the same standard of living as their counterparts across the Atlantic. Continue reading…

Source : theguardian.com
Read more…Housing costs making UK households much poorer than US peers, study finds

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