Published: 21st Aug 2014

This week Money Saving Movement launched the first part of our research into the cost of living for social housing residents – and our findings suggest that a financial crisis is brewing in the social housing sector, as residents are increasingly struggling to keep their heads above water. After surveying over 1,200 social housing residents from ten housing associations across the UK, Money Saving Movement has found that: The vast majority of residents have experienced some form of hardship: 94% have had financial difficulties in the last six months Even the basics are a struggle for many: More than 2 in 5 struggle to keep up with household essentials Friends and family are where people turn first for help: Of those who knew where they would turn, 48% said family & friends Housing associations are not seen as a primary source of support: Twice as many people would go to their bank for … (To read the full article, subscribe below)