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this post was submitted on 22 Jun 2016. 32,361 points (88% upvoted. 11 million Americans spend half their income on rent. live in San Diego and I would be surprised if under 50% of the population here was paying less than 50% of their total income to either rent or a mortgage..
Between 2011 and 2016, the U.S. population age 50 years or older grew by 10.5 million to more than 112 million. While the vast majority of older Americans owns homes, homeownership rates are lower A new Joint center report finds aging Americans less prepared to afford housing | Building Design + Construction
But there is less equality of opportunity in the US today than there is in Europe – or, indeed, in any advanced industrial country – and none of the resulting inequality in income and wealth is.
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It’s getting harder for more Americans to make rent each month. It’s getting harder for more Americans to make rent each month. Source: Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016
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