Housing costs making UK households much poorer than US peers, study finds
by Phillip Inman from Economics | The Guardian on (#6DPK2)
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The average US household is almost a third richer than its UK counterpart and most of this difference is down to housing being cheaper in the US, according to a study by a leading thinktank.
If it were not for the fact that homes are 40% less expensive a square metre on average in the US - allowing them to live in much larger properties for the same outlay - US households would have the same standard of living as their counterparts across the Atlantic.
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