The financial burden of renting and home ownership



Renters, mortgage holders, home owners: who's having trouble making ends meet?

Renters

58% cut back spending on non-essential items.

41% cut back spending on essentials.

43% delayed major expense or buying major items.

28% borrowed money from friends or family.

30% dipped into savings to cover gap till payday.

19% lived off credit card to cover gap till payday.

9% deliberately missed rent or mortgage payment.

22% deliberately missed paying bill by due date.

13% answered 'none of these'.

Mortgage holders

52% cut back spending on non-essential items.

29% cut back spending on essentials.

36% delayed major expense or buying major items.

13% borrowed money from friends or family.

26% dipped into savings to cover gap till payday.

18% lived off credit card to cover gap till payday.

6% deliberately missed rent or mortgage payment.

9% deliberately missed paying bill by due date.

21% answered 'none of these'.

Home owners

38% cut back spending on non-essential items.

29% cut back spending on essentials.

24% delayed major expense or buying major items.

4% borrowed money from friends or family.

16% dipped into savings to cover gap till payday.

7% lived off credit card to cover gap till payday.

1% deliberately missed rent or mortgage payment.

9% deliberately missed paying bill by due date.

38% answered 'none of these'.

Statistics taken from the August 2017 CHOICE Consumer Pulse survey.

Return to the main article: Housing crisis worries 77% of young Australians.


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