Friday, June 20, 2008

Households stressed over rising costs

According to a study, in London, about 790,000 households have been facing stress and depression problems trying to keep up with their mortgage payments and rents. The cost of housing forced many people to spend less on food and about 213,000 took out loans.

This news is just like a Breaking Point, in which 373,000 families spend more than 50% of their income on housing. People are going to extraordinary lengths to ensure that they pay their rent or mortgage, but due to the effects of stress or depression, having to sell possessions or deprive the kids of treats can be making family life very shocked and upset.

In the study, 80,000 have missed a rent or mortgage payment and near 740,000 households spend less on food and about 400,000 sold possessions to pay for home and   has urged the government to complete its target of building three million new homes by 2020, and provide 45,000 social rented homes every year by 2011.


Posted by Tom at 02:37:48 | Permanent Link | Comments (0) |
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