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News@lemmy.world · 1 month 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 · 1 month 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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1 month ago
That’s like a 2 year period in an 18 year living situation.
- DancingBear@midwest.social
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  1 month ago
  Kids live at home a lot longer now 😂 way more than two years haha
  - Maggoty@lemmy.world
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    1 month ago
    You’d need census data to back that up.
    
    Edit to add, you’d need to see which definition the government is using because household has a census definition and an IRS definition.

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