Our research shows people aged 50+ living in the private rented sector has reached a record high.
30 April 2018
The key findings of the March 2018 poll are:
- Both the number and proportion of people aged 50+ living in the private rented sector has reached a record high in recent times, at 1.13m in 2015/16 (compared to 651,000 in 2008/9).
- Amongst those paying rent or a mortgage, private renters (44%) are the most likely to have borrowed money or cut back on spending in the last 12 months in order to meet their payments. Seventeen per cent of private renters have cut down on food and or heating.
- Renters are less likely to have savings and investments for retirement- just under a third (31%) of those who rent from a private landlord have no savings or investments for retirement.
- Just under half (46%) of those aged 50+ across all tenures said they did not have all the adaptations they needed to be as independent as they would like. More than half (54%) of those who do not have all the adaptations they need have fallen or are afraid of falling inside or around their home, while the majority of those who need adaptations (59%) have been living without them for more than a year.
- Only 58% of private rented sector households who have moved in the last three years wanted to. A quarter (25%) of those aged 50+ who had moved had been asked to leave by their landlord.