Financial pressure on households has never been higher, and more of us are spending beyond our means than ever before, according to a long-running survey.
Unfortunately, I don’t see this getting any better in the future. It looks like we are either going to have higher interest rates (which will be passed on if the landlord is capable of doing so) or a recession (which isn’t great for renters either). Inflation acting on other household expenses is going to squeeze the budget as well.
Unfortunately, I don’t see this getting any better in the future. It looks like we are either going to have higher interest rates (which will be passed on if the landlord is capable of doing so) or a recession (which isn’t great for renters either). Inflation acting on other household expenses is going to squeeze the budget as well.