PRS needs radical reform to cater for millennials facing lifetime of renting

Millennials at work

The private rented sector must undergo radical reforms to make it fit for millennials who face a lifetime of renting, according to a report by Resolution Foundation.

The think-tank warned that one in three millennials could still be renting by the time they collect their pensions and up to half may be renting, privately or socially, in their 40s.

Spending longer in rental accommodation has implications for families, the foundation argued, and said that with more children now being brought up in private rented sector, policy must catch up with the demographic changes in renters.

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