Americans making less than $50K are skipping meals and delaying medical care to pay rent

[1srelluc]

https://finance.yahoo.com/news/americans-earning-under-50k-skipping-180900270.html

Many Americans spend more money on housing than any other expense. And given the way the cost of housing has risen, it's not surprising to learn that lower earners are struggling to keep up.

In October 2024, the cost of shelter was up 4.9% on a year-over-year basis, according to the Consumer Price Index.

So not surprisingly, 74% of Americans earning less than $50,000 per year regularly struggle to afford their mortgage or rent payments, according to a recent Redfin report.

What is shocking, though, are the sacrifices some lower earners are making to keep a roof over their heads. In fact, 24% of Americans earning under $50,000 a year have skipped meals to afford their rent or mortgage payments. And 23% have been forced to sell belongings.

Then there's the 21% of Americans earning less than $50,000 a year who have delayed or skipped medical treatments to free up some money. This indicates that the high cost of housing may actually be detrimental to some people's health.

But if you're having a tough time covering your housing costs, there are ways to get ahead of that issue before it takes a physical or mental toll.

In light of the CPI report of this morning it's not getting any better either.
If only there weren't an influx of millions of illegals per year that need a place to live, maybe the price of rent wouldn't have gone up.

50k now feels the same as living off of 27k in 2010.....Roughly 44% inflation in that short amount of time.

 

[candycorn]

https://finance.yahoo.com/news/americans-earning-under-50k-skipping-180900270.html

Many Americans spend more money on housing than any other expense. And given the way the cost of housing has risen, it's not surprising to learn that lower earners are struggling to keep up.

In October 2024, the cost of shelter was up 4.9% on a year-over-year basis, according to the Consumer Price Index.

So not surprisingly, 74% of Americans earning less than $50,000 per year regularly struggle to afford their mortgage or rent payments, according to a recent Redfin report.

What is shocking, though, are the sacrifices some lower earners are making to keep a roof over their heads. In fact, 24% of Americans earning under $50,000 a year have skipped meals to afford their rent or mortgage payments. And 23% have been forced to sell belongings.

Then there's the 21% of Americans earning less than $50,000 a year who have delayed or skipped medical treatments to free up some money. This indicates that the high cost of housing may actually be detrimental to some people's health.

But if you're having a tough time covering your housing costs, there are ways to get ahead of that issue before it takes a physical or mental toll.

In light of the CPI report of this morning it's not getting any better either.
If only there weren't an influx of millions of illegals per year that need a place to live, maybe the price of rent wouldn't have gone up.

50k now feels the same as living off of 27k in 2010.....Roughly 44% inflation in that short amount of time.

From 2019:

https://www.cnbc.com/2019/05/23/nearly-25-percent-of-americans-are-going-into-debt-trying-to-pay-for-necessities.html

Your blob didn’t fix shit then.
He won’t fix shit now.

 

[Mac-7]

https://finance.yahoo.com/news/americans-earning-under-50k-skipping-180900270.html

Many Americans spend more money on housing than any other expense. And given the way the cost of housing has risen, it's not surprising to learn that lower earners are struggling to keep up.

In October 2024, the cost of shelter was up 4.9% on a year-over-year basis, according to the Consumer Price Index.

So not surprisingly, 74% of Americans earning less than $50,000 per year regularly struggle to afford their mortgage or rent payments, according to a recent Redfin report.

What is shocking, though, are the sacrifices some lower earners are making to keep a roof over their heads. In fact, 24% of Americans earning under $50,000 a year have skipped meals to afford their rent or mortgage payments. And 23% have been forced to sell belongings.

Then there's the 21% of Americans earning less than $50,000 a year who have delayed or skipped medical treatments to free up some money. This indicates that the high cost of housing may actually be detrimental to some people's health.

But if you're having a tough time covering your housing costs, there are ways to get ahead of that issue before it takes a physical or mental toll.

In light of the CPI report of this morning it's not getting any better either.
If only there weren't an influx of millions of illegals per year that need a place to live, maybe the price of rent wouldn't have gone up.

50k now feels the same as living off of 27k in 2010.....Roughly 44% inflation in that short amount of time.

Meanwhile, libs want to flood the country with millions of hungry and shoeless foreigners who will happily work for less than $50k a year

Thereby reducing American’s income and standard of living even more

 

[Zincwarrior]

Its ok. President Musk is only going to cut back SS, Medicare, and Medicaid. He will be fine though. NASA will keep cutting him those sweet sweet government checks. Bootstraps!

 

[DGS49]

Clearly, what "we" need is a socialist utopia like they have in Cuba. Just ask Senator Sanders (I., Mars).

 

[Zincwarrior]

Clearly, what "we" need is a socialist utopia like they have in Cuba. Just ask Senator Sanders (I., Mars).

I am sure the new Musk Administration will turn everything around.

 

[Polishprince]

Just part of the liberal plan to reduce obesity.

 

[Mac-7]

Its ok. President Musk is only going to cut back SS, Medicare, and Medicaid. He will be fine though. NASA will keep cutting him those sweet sweet government checks. Bootstraps!

Libs are so hysterical

Raising the retirement age for workers 20 years in the future is not taking anything away from current retirees

 

[Zincwarrior]

Libs are so hysterical

Raising the retirement age for workers 20 years in the future is not taking anything away from current retirees

It sure isn't helping them.

 

[Mac-7]

It sure isn't helping them.

You said “cut back”

 

[Zincwarrior]

You said “cut back”

You said the age. Many Republicans want to eliminate it. Mike Lee, Thune.

These priorities help the working man how?

 

[Mac-7]

You said the age. Many Republicans want to eliminate it. Mike Lee, Thune.

These priorities help the working man how?

You mean privatize for future retirees years even decades from now

Maybe thats better for them

 

[Votto]

Clearly, what "we" need is a socialist utopia like they have in Cuba. Just ask Senator Sanders (I., Mars).

Yes. Bernie says they have fabulous reading programs there for children.

 

[Zincwarrior]

You mean privatize for future retirees years even decades from now

Maybe thats better for them

No they want to get rid of it now.

What is the Musk Admin going to do to help $50K man?

 

[Mac-7]

No they want to get rid of it now.

What is the Musk Admin going to do to help $50K man?

No they dont

Who told you that?

 

[BrokeLoser]

What is the Musk Admin going to do to help $50K man?

Nothing will help Mr $50k like sending 50M illegals home to their shitholes will.

 

[Woodznutz]

From 2019:

https://www.cnbc.com/2019/05/23/nearly-25-percent-of-americans-are-going-into-debt-trying-to-pay-for-necessities.html

Your blob didn’t fix shit then.
He won’t fix shit now.

People are mostly responsible for their own pickle. Don't blame everything on government. If enough people who want an affordable starter home would open a saving account and tell the bankers, "I'm saving up for an affordable starter home, starter homes would soon spring up like spring flowers.

 

[Votto]

People are mostly responsible for their own pickle. Don't blame everything on government. If enough people who want an affordable starter home would open a saving account and tell the bankers, "I'm saving up for an affordable starter home, starter homes would soon spring up like spring flowers.

People are completely defenseless against inflation, all of which is directly related to governmental policy

Try again.

 

[Woodznutz]

People are completely defenseless against inflation, all of which is directly related to governmental policy

Try again.

Inflation can be defeated easily. Just don't buy overpriced stuff, then watch prices fall like spring rain. Producers don't control the market, consumers do.

 

[Votto]

Inflation can be defeated easily. Just don't buy overpriced stuff, then watch prices fall like spring rain. Producers don't control the market, consumers do.

No, actually inflation is very hard to control, so much so, many nations have folded because of it.

For example, government across the globe choosing to shut down their economies during Covid was a big part of the inflation we see today. The damage is done and it will be a hard fight back to normal, whatever normal is these days.

The war on fossil fuels is another inflation driver as fossil fuels is directly related to the world economy in so many different ways.