Personal Finance

3742 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

749

Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

179 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] nodsocket@lemmy.world 2 points 11 months ago (1 children)

I'm not sure if this is really representative of everyone, but it's telling that the news decided to use that example when trying to convince viewers the economy is bad. I'd love to see more research into middle class spending habits, as I suspect that predatory lending and consumerism cause problems more than inflation.

[–] sugar_in_your_tea@sh.itjust.works 2 points 11 months ago

Agreed. For now, you can check out the BLS data here. The categories leave a lot to be desired, but I think it's still interesting. Specifically, the amount people spend on transportation is terrifying, and that's definitely on the "predatory lending" end of the spectrum.