27% of Americans say they skip meals due to the rising cost of food.
39% say they skip meals to make house payments.
Unusual Whales reported:
39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate survey.
And among millennials, that figure rose to 44%. Among Baby Boomers, it was 20%.
Meanwhile, Housing affordability in the US is near all-time-lows, per $GS.
In November, nationwide, households need six-figure incomes to comfortably afford the typical home for sale, according to a report by Redfin.
Last month, the nation’s home buyers needed to make about $107,000 annually, up from about $74,000 a year earlier, to afford a median-priced home, according to Redfin. That’s an increase of nearly 46%.
In the Philadelphia metropolitan area, the annual income needed to afford a home at the median sales price of $260,000 was about $70,000 last month, up from about $50,600 in October 2021. That’s a 38% increase.
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