Research reveals the towns where tenants work longest to pay their rent
On average the nation’s ten million strong army of tenants who rent privately must work for 11 days, or 40% of the month, before they have paid their accommodation costs and reach #RentFreedomDay on the 12th.
It takes longest to reach #RentFreedomDay in Gloucester – 14 days
Derby reaches #RentFreedomDay after only 6 days
The research by rentals platform CreditLadder lifts the lid on how long tenants must work each month to pay their rent in different cities across the UK.
It takes the average person in full-time employment 11 days each month to earn enough money to pay their rent out of their net salary.
This means the day when they have finished paying their rent and can start paying for basics such as food, transport and energy bills is the 12th of every month or #RentFreedomDay.
It takes another two and a half days each month to pay for these basics on top of the rent says CreditLadder.co.uk the online platform that enables tenants to make their rent count towards their credit score.
This highlights the monthly burden that many of the UK’s tenants shoulder while trying to earn enough money to pay their rent.
