High rents in English cities forcing young to stay in small towns - News Summed Up

High rents in English cities forcing young to stay in small towns


A person on average earnings in Scarborough paying average rent would have been 29% better off if they had moved to Leeds in 1997 and paid average rent and earned average money. In 2018, rising rents and stagnant wages means the benefit after taking into account rent was just 4%. “Young people today are often stereotyped as being footloose when it comes to work,” said Lindsay Judge, senior policy analyst at Resolution. “Initially I was frustrated because I felt like I was missing out on some fantastic opportunities in the bigger cities due to rising rent. Someone working in a school in Cornwall, for example, would be considerably poorer moving to a similar job in Bristol.


Source: The Guardian June 05, 2019 22:52 UTC



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