US households are now ' rent-burdened ' for the first time ever, blowing 30% of their income on rent

Many Americans will be familiar with the 30% rule, which dictates that housing costs should never eat up more than 30% of your household income. But as it turns out, that old rule of thumb has become untenable for apartment dwellers these days. • None 'Hold onto your money': Jeff Bezos issued a…#jeffbezos #moodysanalytics #massachusetts #florida #sunshinestate #yoodlize #nonerich

Source: Reuters: Health - March 18, 2023 Category: Consumer Health News Source Type: news