Renting Across the Ages: A Shared Struggle?
The traditional notion of 'Generation Rent' has undergone a significant shift in recent years. Gone are the days when young people were the only ones struggling to find affordable housing and save for a first home. Now, people from all walks of life - including the elderly - are facing similar challenges.
According to the latest census data, England and Wales have seen a staggering rise in renting households over the past two decades. In 2021, an impressive 5 million households were renting privately, up from just 1.9 million in 2001. The number of older renters has also grown exponentially, with the number of 55+ households in private rented accommodation increasing by 70% between 2010/11 and 2023.
So, who are these renters? What are their stories? We spoke to those in their 60s, 50s, and even younger generations who have taken up renting as a means of survival. Their experiences were varied, but one thing was clear: owning a home has become an unattainable dream for many.
One respondent, aged 62, shared her struggles with finding affordable housing. "I thought I would own my own home by now," she said. "But the prices are just too high. I've been renting for years, and it's not getting any cheaper." Another younger renter, 28, echoed similar sentiments. "Renting is just not sustainable in my area," he said. "I'm working hard, but I'm not making ends meet. It feels like the system is stacked against me."
For many, renting has become a temporary solution, rather than a long-term plan. But what about hope for the future? Will they ever be able to afford a home of their own? Only time will tell.
In the meantime, these renters continue to face challenges such as rising rents, limited availability of affordable housing, and uncertainty about the future. They are not alone in this struggle. If you're a renter across any age group, we want to hear your story. Share your experiences with us, and let's shed some light on this pressing issue affecting so many people.
The traditional notion of 'Generation Rent' has undergone a significant shift in recent years. Gone are the days when young people were the only ones struggling to find affordable housing and save for a first home. Now, people from all walks of life - including the elderly - are facing similar challenges.
According to the latest census data, England and Wales have seen a staggering rise in renting households over the past two decades. In 2021, an impressive 5 million households were renting privately, up from just 1.9 million in 2001. The number of older renters has also grown exponentially, with the number of 55+ households in private rented accommodation increasing by 70% between 2010/11 and 2023.
So, who are these renters? What are their stories? We spoke to those in their 60s, 50s, and even younger generations who have taken up renting as a means of survival. Their experiences were varied, but one thing was clear: owning a home has become an unattainable dream for many.
One respondent, aged 62, shared her struggles with finding affordable housing. "I thought I would own my own home by now," she said. "But the prices are just too high. I've been renting for years, and it's not getting any cheaper." Another younger renter, 28, echoed similar sentiments. "Renting is just not sustainable in my area," he said. "I'm working hard, but I'm not making ends meet. It feels like the system is stacked against me."
For many, renting has become a temporary solution, rather than a long-term plan. But what about hope for the future? Will they ever be able to afford a home of their own? Only time will tell.
In the meantime, these renters continue to face challenges such as rising rents, limited availability of affordable housing, and uncertainty about the future. They are not alone in this struggle. If you're a renter across any age group, we want to hear your story. Share your experiences with us, and let's shed some light on this pressing issue affecting so many people.