News@lemmy.world · 1 month ago

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

www.cnn.com

cross-posted to:
aboringdystopia@lemmy.world

402

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

www.cnn.com

return2ozma@lemmy.world to

News@lemmy.world · 1 month ago

cross-posted to:
aboringdystopia@lemmy.world

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

www.cnn.com

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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Gerudo@lemm.ee
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1 month ago
I actually thought 30% housing was the norm for the past 10 years?
- JaggedRobotPubes@lemmy.world
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  1 month ago
  The goal but never the reality.
- winkerjadams@lemmy.dbzer0.com
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  1 month ago
  Ideally rent should be 1/4th or less of your budget
  - 9tr6gyp3@lemmy.world
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    1 month ago
    LOL

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