Poverty And Poverty

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Housing forms one of the basic needs of human. Maslow’s Theory Hierarchy of Needs sees that housing forms the foremost important needs, in addition to security, food and others, at the lowest among the five levels, however public concern over the affordability of housing arises from two factors. First, housing is the single largest expenditure item in the budgets of most families and individuals. Poverty and low incomes prevent people from accessing potential housing options, and make others hard to sustain. This evidence review explores how housing can mitigate or exacerbate the impact of poverty on people 's lives.
There are a number of factors which have driven up the demand for housing, and in particular for home ownership, in recent years. The average household devotes roughly one quarter of income to housing expenditures, while poor and near-poor households commonly devote half of their incomes to housing. These high proportions suggest that small percentage changes in housing prices and rents will have large impacts on non-housing consumption and household well-being.
For many couples, household incomes are higher because both partners now work (as indicated by rising labour force participation rates). However, as Professor Julian Disney notes By fuelling competitive bidding-up of house prices it has led many couples into taking on excessive workloads to pay their mortgage. Incomes have increased at a similar pace across most income quintiles in the past decade. But

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