One in three Americans are spending too
much on rent
Out
of three Americans now live in a housing market where rent for a three-bedroom
home eats up more than 30% of the monthly median income. And, they reduce their
food expenses, health care and retirement to put together money for renting the
house. Generally speaking that percentage is high. Laura Bailey say that this
trend can inhibit them from saving money for a down payment on a home and this
trend clearly happens in poor families.
The foreclosure crisis turned millions
of former homeowners into renters, and now renters are suffer from their rent. Although
the economic statistics such unemployment rate and GDP show good sigh that the
economics of U.S keep recovering, the problem of the recession has not ended.
