Home London News Nearly 50% of all Londoners cannot ‘live with dignity’ due to the cost of living crisis, research reveals

Nearly 50% of all Londoners cannot ‘live with dignity’ due to the cost of living crisis, research reveals

cost of living crisis

According to new data, around two out of five Londoners cannot afford to “live with dignity.”

According to a survey financed by the Trust for London, more than three and a half million Londoners, including one million children, have an income that is less than what is required for a “basic standard of living.”

Manny Hothi, the Trust’s chief executive, said the findings show that “a basic standard of living is out of reach for millions of low-income Londoners, and the economic forces that have devastated us all are crushing them even more”.

The report, conducted by Loughborough University’s Centre for Research in Social Policy, demonstrates how rising food and energy costs have forced Londoners to earn much more in order to maintain a basic level of living.

The high cost of rent was also identified as a significant difficulty. Renters account for 74% of Londoners earning less than the minimum wage.

According to the paper, “the additional costs of a minimum budget in London mean that a decent standard of living in the capital costs between 12 and 66 percent more [than in the rest of the UK].”

Other results include the fact that 48% of children in London live in homes with earnings below what is required for a reasonable level of living. The same is true for 35% of the city’s pensioners.

Matt Padley, the report’s lead author, said: “This is not about an extravagant lifestyle, but about doing the sorts of things that many of us take for granted.

“It’s clear that meeting this decent standard of living is just not possible for lots of people living in the capital and this means having to make difficult choices about what to prioritise.

“No one should have to worry about where their next meal is coming from, or whether they can keep a roof above their head.

“All people should be able to feel secure where they live, connected to those around them, able to live with dignity.”

A Government spokesman said: “We know people are struggling, which is why we have a plan to halve inflation and are providing record financial support worth an average £3,300 per household.

“On top of this we have raised benefits including Universal Credit in line with inflation, increased the National Living Wage and are helping households with food, energy and other essential costs.

“We believe that the best route out of poverty is through work, which is why we are helping millions more return to work with a £3.5 billion package providing more work coach support and more help for the sick and disabled.”

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