Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 » Mortgage Masters Group

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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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Dad looked at my income and said,"You can almost certainly afford a unit if you save for the next 12 to 18 months. You can.

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Compared to their wealth and capital gains, their spending is almost too small to be noticed. For most Americans, savings are closer to 0-2% of their income while for the richest the saving rate is as high as 60%. Not only are the rich holding sizeable wealth but they save more of their income too. Q.

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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

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