{"id":109081,"date":"2019-07-17T12:00:51","date_gmt":"2019-07-17T05:00:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-renting-millennials-face-homelessness-crisis-when-they-retire\/"},"modified":"2019-07-17T15:10:06","modified_gmt":"2019-07-17T08:10:06","slug":"uks-renting-millennials-face-homelessness-crisis-when-they-retire","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-renting-millennials-face-homelessness-crisis-when-they-retire\/","title":{"rendered":"UK's renting millennials face homelessness crisis when they retire"},"content":{"rendered":"


\nReport finds at least 630,000 will be unable to afford private rents on their pension incomeMore than 600,000 members of so-called \u2018Generation Rent\u2019 are facing an \u201cinevitable catastrophe\u201d of homelessness when they retire, according to the first government inquiry into what will happen to millennials in the UK who have been unable to get on the housing ladder as they age.People\u2019s incomes typically halve after retirement. Those in the private rented sector who pay 40% of their earnings in rent could be forced to spend up to 80% of their income on rent in retirement. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK’s renting millennials face homelessness crisis when they retire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Report finds at least 630,000 will be unable to afford private rents on their pension...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109081","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-snn","jetpack-related-posts":[{"id":85624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/third-of-uks-millennials-will-rent-into-retirement\/","url_meta":{"origin":109081,"position":0},"title":"Third of UK\u2019s millennials will \u2018rent into retirement\u2019","date":"April 17, 2018","format":false,"excerpt":"\r Radical tax changes, extra funding and reform of private sector needed, says report\r \r Source : ft.com\r Read more...Third of UK\u2019s millennials will \u2018rent into retirement\u2019","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-will-spend-53000-on-rent-before-age-of-30-thinktank-says\/","url_meta":{"origin":109081,"position":1},"title":"Millennials will spend \u00a353,000 on rent before age of 30, thinktank says","date":"July 16, 2016","format":false,"excerpt":"\r Resolution Foundation says baby boomers spent just \u00a39,000, in report that highlights struggle of young people to buy a homeMillennials will spend \u00a344,000 more on rent by the time they reach 30 than baby boomers did, according to a report that underlines the struggle younger generations face to save\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87507,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-sleepless-nights-the-looming-mental-health-crisis-facing-generation-rent\/","url_meta":{"origin":109081,"position":2},"title":"\u2018I have sleepless nights\u2019: the looming mental health crisis facing generation rent","date":"May 9, 2018","format":false,"excerpt":"\r One in three millennials will never own their own home, and renters can be evicted with just two months\u2019 notice. What effect is this instability having on young people\u2019s wellbeing?Brett Chapman, a 30-year-old film-maker based in Sheffield, has lived in seven different houses in the past 10 years. \u201cI\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-in-three-asian-millennials-still-living-with-parents\/","url_meta":{"origin":109081,"position":3},"title":"Two in three Asian millennials still living with parents","date":"October 28, 2016","format":false,"excerpt":"\r High property prices in the region are preventing millennials from buying their own home. Two in three young adults in Asia Pacific aged between 22 and 29 are happy to live in the family home until they have the financial capacity to live independently, revealed a CBRE survey. CBRE\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112933,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/69-of-singaporeans-feel-they-cannot-retire-comfortably-survey\/","url_meta":{"origin":109081,"position":4},"title":"69% of Singaporeans feel they cannot retire comfortably: Survey","date":"December 7, 2019","format":false,"excerpt":"\r 60% of Singaporeans are not prepared for retirement, while 69% feel that they cannot retire comfortably, according to a survey done by digital wealth manager, Syfe, which was published on Wednesday (4 Dec).\u00a0 The survey, which uses an index developed by Syfe to measure retirement readiness at four levels,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-first-alone-cant-solve-the-uks-homelessness-crisis-nicholas-pleace\/","url_meta":{"origin":109081,"position":5},"title":"Housing First alone can't solve the UK's homelessness crisis | Nicholas Pleace","date":"March 14, 2018","format":false,"excerpt":"\r The scheme has ended homelessness in Finland and can help in the UK, too \u2013 but only as part of an integrated approach The Housing First programme is only a small step in the fight to end homelessness. It may have helped end homelessness in other countries, but it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109081"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109081"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109081\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}