The gender rent gap
We all know that gender inequality is, unfortunately, still something faced today. Women all over the world are treated differently to their male counterparts, particularly when it comes to the gender pay gap.
With the cost of living crisis all over the news right now, and rents climbing across the UK, financial security is an issue for everybody. So we decided to take a look at what the gender pay gap means for renters - whether it really exists and what it means for women.
We recently asked over 11,000 of you what percentage of your salary you spend on rent.
A massive 80% of you say you spend more than 30% of your take home pay on rent. 29% even spend more than half. But, when we dug deeper, it became clear women struggle more to afford their rent. One in three women spend over half their pay on rent, compared to just one in four men.
The rental market is tough for everyone, but these stats make it clear it’s even harder for women to save and, therefore, to get on the property ladder. Let’s not forget the key point here though - housing in the UK is simply unaffordable for many people. Whether you want to buy or rent your home, the cost of doing so, compared to the average salary, is far higher than it was a generation ago.
Why not grab an extra entry into our monthly Live Rent Free competition, where we pay somebody’s rent for the month. We can’t address affordability for everyone, but we can help someone every month. We also match the prize and donate it to Crisis every month to help them combat homelessness in the UK.
To grab an extra entry, the answer to the question below is your coupon into next month’s prize draw – click the button below and enter it in the box. Be quick though, the code expires at 11:45pm on Sunday 27th March. Good luck!
Q: What % of people spend more than 30% of their take home pay on rent? ‘__‘?