Jammy millennial only spends 70 per cent of his salary on rent

21-09-17

A MILLENNIAL man is the envy of his peers after revealing he has an incredible 30 per cent of his monthly income left after paying his rent.

Following a report showing that most 18-32-year-olds are paying three-quarters of their income on substandard housing, Londoner Tom Logan believes he is “incredibly lucky” to have found a shared house that leaves him with a little extra spare.

He said: “We are talking £165 a month here in disposable income to spend on whatever I like, whether it’s council tax or buying some flashy new socks from Primark.

“Most of my friends are spending 80 to 90 per cent of their income, so I’m quite the big man. The other day I went wild and got myself a sandwich from an actual shop. I know.

“I’ve even been able to put some money away to buy my own place. I’ve only been saving for a year but I’ve already got £6. It feels really good to be planning for the future.”

Logan’s letting agency will next month announce a 15 per cent rise in rent payments to cover the administration costs of an upward adjustment in letting fees.

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