How Californians spend so much more than fellow AmericansCalifornians earn more but spend differently than the national average, especially on housing.
Immigrants better educated and more likely to be in work, ESRI report findsForeign-born residents in Ireland face economic challenges, including lower incomes and high housing costs.
How Californians spend so much more than fellow AmericansCalifornians earn more but spend differently than the national average, especially on housing.
Immigrants better educated and more likely to be in work, ESRI report findsForeign-born residents in Ireland face economic challenges, including lower incomes and high housing costs.
Migrants more likely to be in work compared with Irish-born but face greater poverty, ESRI report findsForeign-born residents in Ireland face significant income disparities and poverty despite being more educated and employed than Irish citizens.
My mortgage payment is eating most of my paycheck - here's what Dave Ramsey told me to doSelling a home is essential if housing costs exceed 30% of income, particularly if surpassing 50% threatens financial stability.
Nearly half of retirees worry they'll outlive their savings, while 25% are burdened by housing costsMany retirees are deeply concerned about outliving their savings, with anxiety affecting their perceived quality of life.
I'm in my mid-30s with a $425k house and am looking to upgrade to a $1.4 million home - am I biting off more than I can chew?Affordability does not guarantee the wisdom of purchasing a more expensive house.
My mortgage payment is eating most of my paycheck - here's what Dave Ramsey told me to doSelling a home is essential if housing costs exceed 30% of income, particularly if surpassing 50% threatens financial stability.
Nearly half of retirees worry they'll outlive their savings, while 25% are burdened by housing costsMany retirees are deeply concerned about outliving their savings, with anxiety affecting their perceived quality of life.
I'm in my mid-30s with a $425k house and am looking to upgrade to a $1.4 million home - am I biting off more than I can chew?Affordability does not guarantee the wisdom of purchasing a more expensive house.
Homebuyers Are Seriously Stretching Their Budget to Buy Housing in These CitiesRising housing costs are forcing many homeowners to spend over 50% of their income on housing, well above the recommended threshold.
Insurance worries force homeowners to rethink living arrangementsRising homeowners insurance and taxes are significantly impacting families' ability to stay in their homes.
56% of California renters slammed by housing costs vs. 35% of homeownersOver half of California tenants pay 30% or more of their income for housing, exposing a significant financial burden.California renters particularly face mounting housing costs, being the state with the highest number of burdened households.
The dream of owning a home is slipping away for a majority of renters, New York Fed survey findsThe dream of owning a home is dwindling for many Americans due to soaring housing costs and challenging mortgage rates.
Homebuyers Are Seriously Stretching Their Budget to Buy Housing in These CitiesRising housing costs are forcing many homeowners to spend over 50% of their income on housing, well above the recommended threshold.
Insurance worries force homeowners to rethink living arrangementsRising homeowners insurance and taxes are significantly impacting families' ability to stay in their homes.
56% of California renters slammed by housing costs vs. 35% of homeownersOver half of California tenants pay 30% or more of their income for housing, exposing a significant financial burden.California renters particularly face mounting housing costs, being the state with the highest number of burdened households.
The dream of owning a home is slipping away for a majority of renters, New York Fed survey findsThe dream of owning a home is dwindling for many Americans due to soaring housing costs and challenging mortgage rates.
I feel trapped': how home ownership has become a nightmare for many AmericansMany homeowners in the U.S. are struggling financially due to rising ownership costs and unexpected expenses.
Ethnic minority families spend more on housing but live in worse conditions: reportEthnic minorities in the UK face greater housing cost burdens and overcrowding compared to white British families.
I feel trapped': how home ownership has become a nightmare for many AmericansMany homeowners in the U.S. are struggling financially due to rising ownership costs and unexpected expenses.
Ethnic minority families spend more on housing but live in worse conditions: reportEthnic minorities in the UK face greater housing cost burdens and overcrowding compared to white British families.
NAHB to Congress: Ease regulatory burdens for buildersReducing regulatory costs and permitting burdens is critical to lowering housing prices and increasing supply.
Get a Good House for Dirt Cheap Prices in These TownsMacon County, Illinois and Schuylkill County, Pennsylvania have the most affordable housing markets, with Hawaii and Idaho showing significant burdens on annual wages for housing.
NAHB to Congress: Ease regulatory burdens for buildersReducing regulatory costs and permitting burdens is critical to lowering housing prices and increasing supply.
Get a Good House for Dirt Cheap Prices in These TownsMacon County, Illinois and Schuylkill County, Pennsylvania have the most affordable housing markets, with Hawaii and Idaho showing significant burdens on annual wages for housing.
It's not the economy stupid, that could deliver a win for Kamala HarrisUS households are experiencing significant inflationary pressures across multiple essential living costs, leading to a strong desire for change in political leadership.
Harris fires back against Trump's economic attacks with proposals for tax cuts and populist policiesHarris proposes economic policies to lower living costs and provide financial relief to voters, countering criticism from Republicans.
US inflation slows in July, clearing way for a cut in interest ratesInflation is easing, reaching its lowest level in over three years, potentially impacting Federal Reserve interest rates.
Wages have outpaced inflation since 2020 but many consumers still feel burdened by pricesWages in the US have outpaced inflation since 2020, providing positive real wage growth for American workers.
Jill On Money: Slow progress on inflationInflation progress has been slow, with Core rate falling to lowest level since April 2021, driven by factors like housing costs and energy prices.
Jill On Money: Are we getting used to high prices?Inflation rates remain relatively stable, hovering around 3%, despite aggressive interest rate hikes by the Federal Reserve.
It's not the economy stupid, that could deliver a win for Kamala HarrisUS households are experiencing significant inflationary pressures across multiple essential living costs, leading to a strong desire for change in political leadership.
Harris fires back against Trump's economic attacks with proposals for tax cuts and populist policiesHarris proposes economic policies to lower living costs and provide financial relief to voters, countering criticism from Republicans.
US inflation slows in July, clearing way for a cut in interest ratesInflation is easing, reaching its lowest level in over three years, potentially impacting Federal Reserve interest rates.
Wages have outpaced inflation since 2020 but many consumers still feel burdened by pricesWages in the US have outpaced inflation since 2020, providing positive real wage growth for American workers.
Jill On Money: Slow progress on inflationInflation progress has been slow, with Core rate falling to lowest level since April 2021, driven by factors like housing costs and energy prices.
Jill On Money: Are we getting used to high prices?Inflation rates remain relatively stable, hovering around 3%, despite aggressive interest rate hikes by the Federal Reserve.
How much money do you need to make to afford rent in California? What new study saysCalifornia has the highest housing costs in the country, with residents needing high hourly wages to afford rent.
Being a member of NYC's lonely hearts club comes with a steep cost when it comes to renting: StudyLiving alone in NYC costs a staggering $20,100 annually, highlighting the benefits of cohabitation to alleviate financial burdens.
Report: Here's how many hours you have to work to pay your rent in Mass.The number of hours needed to work to afford rent has significantly increased over the past two decades, highlighting wage stagnation.
How much money do you need to make to afford rent in California? What new study saysCalifornia has the highest housing costs in the country, with residents needing high hourly wages to afford rent.
Being a member of NYC's lonely hearts club comes with a steep cost when it comes to renting: StudyLiving alone in NYC costs a staggering $20,100 annually, highlighting the benefits of cohabitation to alleviate financial burdens.
Report: Here's how many hours you have to work to pay your rent in Mass.The number of hours needed to work to afford rent has significantly increased over the past two decades, highlighting wage stagnation.
Florida struggles with affordable housing despite bulking up constructionMany Floridians are burdened by high housing costs, making it difficult to manage other essentials like food and healthcare.
How Super Commuting is Threatening American Housing | EntrepreneurSuper commuters are increasingly common in the U.S., seeking affordable housing while maintaining high-paying jobs in expensive metropolitan areas.
Can remote workers reverse brain drain?Tulsa's innovative strategy in attracting remote workers has revitalized the city and boosted its economy by turning brain drain into brain gain.
Opinion | The unexpected impacts of ending remote workThe shift in remote work is altering the balance of power between employers and employees, complicating return-to-office demands.
7 places across the U.S. that will pay you thousands of dollars to move thereRemote work enables job seekers to consider living in more affordable areas outside major cities.
6 places across the U.S. that will pay you thousands of dollars to move thereTaking advantage of remote work can allow individuals to explore job opportunities outside major cities, reducing housing costs without compromising job quality.
Column: California's population is on the rise. So much for the claims of the state's demiseCalifornia's population resumed growth due to factors like fewer remote work options in other states and relaxed immigration restrictions.
How Super Commuting is Threatening American Housing | EntrepreneurSuper commuters are increasingly common in the U.S., seeking affordable housing while maintaining high-paying jobs in expensive metropolitan areas.
Can remote workers reverse brain drain?Tulsa's innovative strategy in attracting remote workers has revitalized the city and boosted its economy by turning brain drain into brain gain.
Opinion | The unexpected impacts of ending remote workThe shift in remote work is altering the balance of power between employers and employees, complicating return-to-office demands.
7 places across the U.S. that will pay you thousands of dollars to move thereRemote work enables job seekers to consider living in more affordable areas outside major cities.
6 places across the U.S. that will pay you thousands of dollars to move thereTaking advantage of remote work can allow individuals to explore job opportunities outside major cities, reducing housing costs without compromising job quality.
Column: California's population is on the rise. So much for the claims of the state's demiseCalifornia's population resumed growth due to factors like fewer remote work options in other states and relaxed immigration restrictions.
Two reports say Mass. is one of the most-moved-from states, but that's not the full storyMassachusetts' population growth is largely driven by international immigration despite residents leaving for more affordable areas.
Jobs in Coney Island, Brighton Beach Double in a DecadeConey Island and Brighton Beach experienced a 101% job growth in the past decade, but high housing costs remain a major issue for residents.
How Much Does the Average Person Spend per Year? (2023) - ShopifyUnderstanding consumer spending patterns is crucial for businesses targeting the US market.Consumer spending in the US increased significantly from 2020 to 2022, outpacing income growth.
Canadians finding homes too expensive in cities where they seek jobs, says housing agency | CBC NewsHigh housing costs in Canada are restricting population mobility and reducing job opportunities.
Jobs in Coney Island, Brighton Beach Double in a DecadeConey Island and Brighton Beach experienced a 101% job growth in the past decade, but high housing costs remain a major issue for residents.
How Much Does the Average Person Spend per Year? (2023) - ShopifyUnderstanding consumer spending patterns is crucial for businesses targeting the US market.Consumer spending in the US increased significantly from 2020 to 2022, outpacing income growth.
Canadians finding homes too expensive in cities where they seek jobs, says housing agency | CBC NewsHigh housing costs in Canada are restricting population mobility and reducing job opportunities.
They decided to leave the Bay Area and never looked backBay Area residents are increasingly considering leaving due to high living costs and challenging social conditions.
This U.S. Retirement Spot Is Just as Affordable as Mexico and PortugalMoving abroad for retirement is popular, but many affordable options exist within the U.S. for retirees.
The Silent Retirement Killer Draining Baby Boomer SavingsRising housing costs severely impact baby boomers' retirement security.Many baby boomers may need to downsize or return to work due to financial strain.
A boomer who couldn't afford retirement in the US moved to Ecuador and said she's living an 'upscale life on a modest budget'Gretchen and Robert moved to Ecuador for affordable healthcare and housing, allowing them to retire comfortably on $3,000 a month.
WalletHub says these are the best states for retireesRetirees face financial stress, so states with low taxes and affordable living are ideal for them.
Retired and Struggling on Social Security? 4 Ways Downsizing Could HelpDownsizing your home can provide significant financial relief for seniors reliant on Social Security.
They decided to leave the Bay Area and never looked backBay Area residents are increasingly considering leaving due to high living costs and challenging social conditions.
This U.S. Retirement Spot Is Just as Affordable as Mexico and PortugalMoving abroad for retirement is popular, but many affordable options exist within the U.S. for retirees.
The Silent Retirement Killer Draining Baby Boomer SavingsRising housing costs severely impact baby boomers' retirement security.Many baby boomers may need to downsize or return to work due to financial strain.
A boomer who couldn't afford retirement in the US moved to Ecuador and said she's living an 'upscale life on a modest budget'Gretchen and Robert moved to Ecuador for affordable healthcare and housing, allowing them to retire comfortably on $3,000 a month.
WalletHub says these are the best states for retireesRetirees face financial stress, so states with low taxes and affordable living are ideal for them.
Retired and Struggling on Social Security? 4 Ways Downsizing Could HelpDownsizing your home can provide significant financial relief for seniors reliant on Social Security.
Chicago vs Milwaukee: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and MoreChicago offers a vibrant urban landscape but higher costs, while Milwaukee provides affordable living with a more laid-back lifestyle.
How much does it cost to live in California? This age group pays the most for food, housingGeneration X faces the highest cost of living in California, averaging $62,591 monthly, primarily driven by housing and healthcare expenses.
One map shows how expensive it is to live across the countryCalifornia and Washington, DC, have the highest cost of living in the US, driven by housing prices.
Pittsburgh vs Philadelphia: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and MorePittsburgh is generally more affordable than Philadelphia, with lower costs in housing, groceries, and healthcare.
Chicago vs Milwaukee: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and MoreChicago offers a vibrant urban landscape but higher costs, while Milwaukee provides affordable living with a more laid-back lifestyle.
How much does it cost to live in California? This age group pays the most for food, housingGeneration X faces the highest cost of living in California, averaging $62,591 monthly, primarily driven by housing and healthcare expenses.
One map shows how expensive it is to live across the countryCalifornia and Washington, DC, have the highest cost of living in the US, driven by housing prices.
Pittsburgh vs Philadelphia: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and MorePittsburgh is generally more affordable than Philadelphia, with lower costs in housing, groceries, and healthcare.
I just bought a house and I'm considering easing up on my retirement savings - is this a bad idea?Temporary reductions in retirement savings for home expenses may be acceptable.Keep housing costs manageable to avoid long-term financial pressure.Maximize employer 401(k) matches regardless of savings adjustments.
Florida senator wants to ease reserve cost burden for owners of low-rise condos away from oceanSkyrocketing condo maintenance fees due to new reserve funding law are burdening residents, especially those on fixed incomes.
Best US cities for renters as minimum wages rise and cost of housing fallsRents across the US declined in November, providing relief to renters, especially minimum wage earners, amid ongoing affordability challenges.
Rent Burden by City: Where Residents Spend the Highest Share of Income on RentTypical renters spent 31% of their income on rent, highlighting a significant affordability issue compared to homeowners.
Tim Walz is a YIMBY. He's supported a ton of new housing that's kept rents down in Minnesota.Housing costs and affordability are top concerns for American voters. Minnesota Governor Tim Walz, known for boosting housing supply, is seen positively by pro-housing advocates.
Miami Herald adds economic mobility reporter through support from 15 local contributorsSouth Florida's high housing costs hinder home ownership and economic mobility for many residents.
Best US cities for renters as minimum wages rise and cost of housing fallsRents across the US declined in November, providing relief to renters, especially minimum wage earners, amid ongoing affordability challenges.
Rent Burden by City: Where Residents Spend the Highest Share of Income on RentTypical renters spent 31% of their income on rent, highlighting a significant affordability issue compared to homeowners.
Tim Walz is a YIMBY. He's supported a ton of new housing that's kept rents down in Minnesota.Housing costs and affordability are top concerns for American voters. Minnesota Governor Tim Walz, known for boosting housing supply, is seen positively by pro-housing advocates.
Miami Herald adds economic mobility reporter through support from 15 local contributorsSouth Florida's high housing costs hinder home ownership and economic mobility for many residents.
Landlords are using AI to raise rents - and California cities are leading the pushbackLandlords using a single company's software to set rent prices is seen as an unlawful scheme inflating housing costs.
Renters across L.A. are under strain and many fear becoming homeless, survey findsNearly 4 in 10 renters in Los Angeles County worry about losing their homes, reflecting intense strain from high housing costs.
Local housing, child care costs remain high as analysts expect strong economy overall - Austin MonitorLocal leaders in Austin are concerned about housing costs, child care, and wages as key issues entering 2025.
Renters across L.A. are under strain and many fear becoming homeless, survey findsNearly 4 in 10 renters in Los Angeles County worry about losing their homes, reflecting intense strain from high housing costs.
Local housing, child care costs remain high as analysts expect strong economy overall - Austin MonitorLocal leaders in Austin are concerned about housing costs, child care, and wages as key issues entering 2025.
Starmer sees 8 point drop in approval rating in the last two weeks - London Business News | Londonlovesbusiness.comKeir Starmer's net approval rating drops to -32%, marking a significant decline in public support.
Sunny but expensive: Thousands more workers left California than arrived during a stretch last year. Here's where they went.California is losing workers to states with lower living costs, primarily due to high housing costs and the inability to attract and retain talent.
Title insurers look to shed their junk fee' image under TrumpThe title insurance industry is facing challenges due to regulatory changes and perceptions framed as junk fees, causing calls for recognition of its importance.
10.5 million borrowers at or over age 65 still have forward mortgagesMany seniors still pay mortgages, with 10.5 million aged 65+ facing this financial reality.Older homeowners have low housing costs despite mortgage burdens; homes tend to be less valuable.
Portland voters passing 4 of 5 city ballot measuresPortland voters are largely favoring measures promoting environmental initiatives, while Measure 26-253 faces defeat due to housing cost concerns.
JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.Lowering energy costs is less impactful on homebuilding than addressing labor and material costs, according to housing experts.
Opinion: Proposition 5 would turbo-charge tax hikes, increase local debtProposition 5 threatens to raise property taxes and revert to pre-Proposition 13 conditions, endangering homeowners' finances.
The best boroughs to live in NYC - based on your salaryNew York City's median rent continues to rise, reflecting a strong rental market despite varying affordability across different areas.
California Joins DOJ Antitrust Lawsuit, Alleges Price-Fixing Software Drives Up Rent | KQEDThe Department of Justice and multiple states have filed an antitrust lawsuit against RealPage for allegedly facilitating illegal rent increases by landlords.
You need to make $123,269 a year not to be 'rent burdened' hereBIPOC households in metro Boston spend 41% of income on rent, compared to 33.5% for white households.
Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next ApartmentRent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.Landlords often offer concessions during periods of low demand to fill vacancies quickly.
The best boroughs to live in NYC - based on your salaryNew York City's median rent continues to rise, reflecting a strong rental market despite varying affordability across different areas.
California Joins DOJ Antitrust Lawsuit, Alleges Price-Fixing Software Drives Up Rent | KQEDThe Department of Justice and multiple states have filed an antitrust lawsuit against RealPage for allegedly facilitating illegal rent increases by landlords.
You need to make $123,269 a year not to be 'rent burdened' hereBIPOC households in metro Boston spend 41% of income on rent, compared to 33.5% for white households.
Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next ApartmentRent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.Landlords often offer concessions during periods of low demand to fill vacancies quickly.
18% of California households enjoy mortgage-free livingOnly 18% of California households are mortgage-free, far below the national average of 26%.
Why Japan is one of the only countries that isn't fed up with housing costsRising housing costs frustrate many Americans, unlike Japan where satisfaction exceeds 70%.The US experienced a notable decline in housing satisfaction from 61% in 2020 to 39%.
Housing cost slowdown to run into 2025, San Francisco Fed suggestsHousing costs, a major driver of US inflation, are expected to ease by 2025 according to Federal Reserve Bank research.
Harris' plan for groceries and housing. And, the race to win 'song of the summer'Vice President Harris focuses on grocery and housing costs in her first major campaign policy speech, addressing key voter concerns.
'We just can't afford to live here.' Housing costs are driving people out of Orange County, poll saysMany residents in Orange County, California, are considering moving due to high costs of housing and basic necessities, even with solid incomes.
Boston behind only NYC in homelessness, says new reportHigh housing costs contribute to rising homelessness in Greater Boston.
MassInc poll: 1 in 5 say they want to move out of Mass.High housing and transportation costs are prompting one in five Massachusetts residents to consider leaving the state.
The Gen-Z Advantage in HousingGen Z and millennials face similar housing costs despite earning differences.
The Cats of Old San Juan Are Being Run Out of Town. Locals Can Sympathize.Residents of Old San Juan, Puerto Rico, are upset about a federal plan to remove feral cats, feeling pushed out amidst rising housing costs.
HUD awards $325M in grants to rehab distressed housingHUD awarded $325 million to 15 cities under the Choice Neighborhoods program alongside President Biden's housing proposal.The Choice Neighborhoods program focuses on revitalizing distressed housing, neighborhood businesses, services, and schools.
Biden to call for 5% cap on annual rent increasesPresident Biden to propose 5% cap on rent increases for major landlords to address housing costs; solution would need Congressional support and focuses on existing units.