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.
It’s extremely difficult to pull off today, but that doesn’t mean that it isn’t an appropriate figure. The “wants” and “investment” categories have effectively been wiped out for a large number of people, which isn’t a healthy and sustainable way to live long term.
This is what the entire “living wage” argument is based on. Regular people aren’t making enough money to have a healthy budget. Well, some are just over inflating wants, but that’s not the people I’m talking about.
It’s extremely difficult to pull off today, but that doesn’t mean that it isn’t an appropriate figure. The “wants” and “investment” categories have effectively been wiped out for a large number of people, which isn’t a healthy and sustainable way to live long term.
This is what the entire “living wage” argument is based on. Regular people aren’t making enough money to have a healthy budget. Well, some are just over inflating wants, but that’s not the people I’m talking about.