It’s really no wonder that nowadays I spend over half my salary on rent and bills, and I’m definitely not saving anything. My situation is not even wildly abnormal. The average London renter spends around 49% of their household income on rent, which is a figure considered unaffordable by official standards. It’s worse for recent grads, who earn on average between £32,000 and £38,000 (not all of them, though, surely – mine was £18k but I guess I chose the wrong profession).
I can barely afford rent – and I’m a privileged journalist with a job
