For a while now we have been hearing about ‘generation rent’ and the terrible time they are having. And it’s true that there are some areas where things are bleak at the moment, such as zones two and three in London where it’s pretty tough to find anything to rent for less than £1,000 a month for one person, meaning a cost of £12k in rent and another £5k a year in council tax, utility bills, insurance etc so total costs of £17k, quite hard to afford on a decent salary, but impossible to meet on £6.50 minimum wage. So anyone on this kind of wage is still going to have to spend around £6k a year just renting a room, or stay at home with mum and dad.
