Affordable housing – a growing concern for people and governments


People are struggling more than ever to pay for a decent, affordable home. Making housing more accessible would help reduce poverty and inequality. People spend a larger share
of their budgets on housing than almost anything else 22% of household spending, on average and good quality affordable housing has become increasingly out of reach
for those on low incomes, young people, families with children and seniors. People are spending much more on housing than they used to, while the cost of food, clothing, leisure, transport, health or communications has been stable or falling. Housing prices have increased dramatically in many OECD countries, especially for renters, where prices have risen sharply over the past decade. Part of the reason is that government investment in housing has dropped by more than half since the early 2000s, and the supply of affordable housing has failed to keep up with demand. At the same time, public spending on housing assistance to those in need has grown in many countries. Low-income households
are especially overburdened by housing costs defined as spending more than 40% of disposable income on mortgage or rent. On average across the OECD, one in three low-income tenants in the private rental market are overburdened with housing costs. In New Zealand, Israel, Chile and the United Kingdom, more than half of all low-income
private renters are spending over 40% of their disposable income
on housing costs. Young adults are hit hard by the lack of affordable housing. They are most likely to still be
living with their parents and struggling to become homeowners. The largest shares of youth
living with their parents are recorded in Italy, Greece and the Slovak Republic, followed by Ireland, Slovenia, Spain and Portugal. The OECD collects data from over 40 countries in its Affordable Housing Database part of continuing efforts to
work with governments to develop better housing policies
for better lives.

Author Since: Mar 11, 2019

  1. Stop sending people to this country especially those who are reproducing with intentions to populate thus take over. Capitalism will destroy this
    country foundation (more people more money mentalities) thus products are cheaper & cheaper, food products are genetically hormone based to supplement thus new diseases to follow (digestive tracts, etc.)

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