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Almost 4m families 'on financial knife-edge', says Shelter

Some 3.8 million families have only enough money to pay their rent or mortgage for a month if they lose their jobs, a housing charity has said.

17 April 2014
Debt Reasons 2

Shelter, which surveyed 7,500 people, said high housing costs and stagnating wages meant many were living on a financial knife-edge.

It wants the government to provide better short-term support.

The government said it already provides support through housing benefit.

In a statement, the Department for Work and Pensions (DWP) said it spent £94bn a year on benefits to provide a safety net for millions of people who are on low incomes or unemployed.

This includes about £24bn a year on housing benefit which the DWP said had gone up by 50% over the past 10 years.

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