A new study has found that one in three British households are on the brink of homelessness because rent and mortgage payments have risen dramatically.
Conducted by the homelessness charity Shelter and pollster YouGov, the study found that a third (37 percent) of UK households could not afford to pay their rent or mortgage for more than a month if they lost their income.
Over a fifth (23 percent) said they would be unable to pay anything for their housing from the moment they lost their job.
Shelter said the report offers a reminder of how millions of families are living from “one paycheck to the next.”
The study was based on a YouGov survey conducted last month of 8,381 adults, including 1,581 working families with children.
As a sign of how the housing crisis is affecting low to middle income people in the UK, some 48 percent of households told pollsters that housing is the biggest drain on their budget.
The findings reflect a recent government statistic revealing that there are 16.5 million working age adults with no savings in the bank.
Real wages in the UK have seen a steady decline since the 2007-2008 financial crisis, according to an analysis from the Trade Union Congress (TUC) published last month.