Wednesday, November 11, 2009
Some dubious ‘research’
Research shows low-income households â€“ with an average of Â£15,800 at their disposal â€“ are walking an increasingly precarious financial tightrope. Some 24% of low-wage households spend more than a quarter of their monthly income on debt [that appears to include mortgage debt] â€“ twice the number from three years ago. Nearly 33% of low-income households have high loan-to-value mortgages and are in negative equity [no they aren't - see my comments below], making them vulnerable to homelessness if they lose their job.