New figures from the Consumer Credit Counselling Service (CCCS) indicate that UK households in rented accommodation are “swimming against a tide” of falling real incomes when it comes to repaying unsecured debt. An analysis of the 370,000 people who made contact with the charity in 2011 show that renters have been affected most severely by [...]
Consumer Credit Counselling Service
Younger Britons afflicted by house price wealth transfer
Rising house prices during the 10 years to 2007 have resulted in a huge transfer of wealth between younger Britons and older generations. According to a new study from the Consumer Credit Counselling Service (CCCS), the average house price grew from around 2.3 times to nearly 5.5 times gross earnings during the decade. As a [...]
