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People In Their Early 30s are leaving the UK Capital

People In Their Early 30s are leaving the UK Capital

High costs associated with housing along with poor wage growth, has led to the fall of living standards and levels of disposable income amongst Londoners. Interestingly, a study undertaken by The Resolution Foundation reports typical incomes between London and the rest of the UK (before housing costs) were £28,600 and £26,400 respectively. However, once housing costs were accounted for, Londoners (£21,350) kept less of their income in contrast to the rest of the UK (£22,250). With these statistics in mind, it is not a surprise an increasing number of people (particularly the early 30s) are leaving the UK capital for more affordable housing; better living standards and more disposable income.

 

Source of information:

  1. https://www.theguardian.com/money/2018/jun/27/londons-property-prices-leads-to-exodus-of-early-30s

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