Rent affordability: 11 million americans spend half their income on rent – Jun. 22, 2016 Mortgage Masters Group 13354 LONG CYPRESS TRAIL, JACKSONVILLE, FL 32223 PSL – Calendars For City Events and Public Meetings Mortgage Masters Group
It’s getting harder for more Americans to make rent each month. It’s getting harder for more Americans to make rent each month. Source: Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016
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The percentage of cost-burdened renters, those paying more than 30% of their income for rent, grew from 40% in 2001 to 46% in 2007. 20 Since then, this increased to 50%, before reducing somewhat.
Among mortgage hold-ers, those who were lucky enough to beat investors at auction have seen their "cost burden" rate decline to 22.5% from 47.4% be-tween 2010 and 2017, its lowest level of this centu-ry. (A household is con-sidered "cost burdened" if they spend more than 30% of their income on housing.) The mirror image of this
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Compared to their wealth and capital gains, their spending is almost too small to be noticed. For most Americans, savings are closer to 0-2% of their income while for the richest the saving rate is as high as 60%. Not only are the rich holding sizeable wealth but they save more of their income too. Q.
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Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 Mortgage Masters Group 13354 LONG CYPRESS TRAIL, JACKSONVILLE, FL 32223 PSL – Calendars For City Events and Public Meetings Mortgage Masters Group
Society as a whole is impoverished when people are less healthy, less well-educated and less able to contribute to their communities. The Green party proposes a Guaranteed Livable Income that would ..
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