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News@lemmy.world • 10 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 • 10 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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Flying Squid
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2•10 months ago
Like avoiding high rent by living in a shack in the woods!
- @LunchMoneyThief@links.hackliberty.org
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  English
  1•10 months ago
  Actually yes. Really. True peace is not having debt or ongoing payments being demanded of you. Living in an apartment in a city sounds like hell.
  - Flying Squid
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    1•10 months ago
    I’d rather live where it doesn’t take an ambulance or a fire truck two hours to get to me, but you do you.

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