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News@lemmy.world • 6 months ago

Nearly half of US renters spend more than 30% of their income on housing costs

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Nearly half of US renters spend more than 30% of their income on housing costs

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News@lemmy.world • 6 months ago

Nearly half of US renters spend more than 30% of their income on housing costs | CNN Business

Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.

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- @IsThisAnAI@lemmy.world
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  And yet the home ownership rates increase.
  
  Again, it’s far from perfect. Not the hellscape described. Again, MOST (Almost 70%), will own their homes when they retire.

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