“The Home Improvements report is a timely intervention, which showcases the challenges that face “the Millennial Generation” in the present day and the years to come. It also dovetails nicely with our own report Living in Fear: Experiences of Older Private Renters in London, which performed a similar investigation into the difficulties facing older Londoners that rent privately.
If it is indeed true that a third of Millennials face renting for their entire lives, then our findings suggest that large scale changes need to be made in order to meet these tenants’ needs as they grow older. This is especially urgent, considering that The number of private-renting households for those aged 45-64 has more than doubled in the last ten years and recent estimates suggest that the number of private-renters in London aged 65 and over could double between 2014 and 2039.”
This week, a report from the Resolution Foundation has found that up to a third of young people face living in private rented accommodation for all of their lives. We offer our knowledge of the private rented sector, the affect it has upon many older tenants and the changes that need to be made to meet the needs of present and future older tenants.