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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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@Gerudo@lemm.ee
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23•6 months ago
I actually thought 30% housing was the norm for the past 10 years?
- JaggedRobotPubes
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  24•6 months ago
  The goal but never the reality.
- @winkerjadams@lemmy.dbzer0.com
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  16•6 months ago
  Ideally rent should be 1/4th or less of your budget
  - @9tr6gyp3@lemmy.world
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    13•6 months ago
    LOL

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