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News@lemmy.world · 2 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 · 2 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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Maggoty@lemmy.world
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2 months ago
That’s not nearly the normal though. Dual income households are the norm by far.
- DancingBear@midwest.social
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  2 months ago
  Sure but any part time jobs the kids have also count towards median household income I assume
  - Maggoty@lemmy.world
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    2 months ago
    That’s like a 2 year period in an 18 year living situation.
    - DancingBear@midwest.social
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      2 months ago
      Kids live at home a lot longer now 😂 way more than two years haha

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