'The new reality for a whole generation' - Majority of renters believe they will never own their own home

Only one in eight people who responded to the Taxpayer Sentiment Survey believe they will be able to afford a home in the next five years while just 16% of people expect to be able to afford a home in the "long term".

Seven out of 10 renters believe they will never be able to afford to buy their own home.

According to a survey from Taxback.com - almost 90% worry about being able to pay their rent.