New analysis shows that if
you own your own home you are likely to live longer
ANALYSIS from Home Owners Alliance shows
that, in the North West, if you own your own home; you are likely to live
Across most of the UK there is a direct correlation between Home Ownership levels
and life expectancy according to an analysis conducted by the Home Owners
Alliance; where Home Ownership levels are higher, so is life expectancy.
However, Home Ownership levels have been declining for the past decade (peaking
in 2002 at 69.7% down to 63.8% according to latest official figures from the
April to June 2016 Labour Force Survey). High demand for homes is pushing house
prices to unaffordable levels. Political parties, experts and the government all
agree that the underlying cause of the housing crisis is that we have not been
building enough new homes for decades.
Home Ownership vs. Life Expectancy graph:-
The decline of Home Ownership is having and
will increasingly have profound, long lasting and adverse economic and social
consequences. For example, it increases poverty among pensioners, increases
social problems for children raised in insecure rented accommodation, reduces
living standards among lower and middle income earners, pushes up the housing
benefit bill and increases inequality. And, as our analysis shows, it also has
an impact on life expectancy.
The only exception to the correlation between Home Ownership and life expectancy
is London, where life expectancy and Home Ownership are not strongly linked.
Home Ownership vs Life Expectancy map:-
Paula Higgins, CEO of Home Owners Alliance
believes, "Reversing the decline in Home Ownership should be 1 of the
Government's highest priorities. We know that Home Ownership in this country has
tangible benefits; including longer and happier lives. But the high costs mean
it is out of reach for more and more people; widening the gap between the rich
and the poor and fuelling social inequality. The UK urgently needs a functioning
and stable housing market as the current housing situation is deeply unfair."