According to a recent survey carried out by the Oxfam charity group, 62 of the richest billionaires own as much wealth as the poorer half of the world’s population.
The Organization for Economic Cooperation and Development (OECD) stated that the gap between the rich and the poor keeps widening. According to their research, the richest 10 per cent of the population earn almost ten times the income of the poorest 10 per cent.
With wages in Sussex being the lowest in the southeast average, living costs seem to be a never-ending nightmare. Although the distance between Hastings old town and St Leonard’s Warrior Square is a mere 1-mile, the difference in crime and property prices is implausible. The average price for a flat in Old Town is just under £120, 000 – triple the price of a similar property in St Leonard’s - and for a three bedroom house the price would be over £200,000.
House Letting Agent Nicola Bowler explained, “Properties in St Leonard’s are indeed on the lower pricing market, Old town however is completely different. We find that there is a very high demand for properties within Old Town and we don’t get as many as we would like”.
UK Crime Stac statistics also show the stark difference in crime between the two areas, where as of last year in just one month there were a total of 154 crimes committed in the St Leonard’s area. Hastings Old Town however had a mere 41 crimes in the same month.
The wealth and crime gap between the two is evident, but we are yet to see any changes.