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Half of Americans can’t afford their house

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Half of Americans can’t afford their house

June 3, 2014, 1:58 p.m. EDT

Over half of Americans (52%) have had to make at least one major sacrifice in order to cover their rent or mortgage over the last three years, according to the “How Housing Matters Survey,� which was commissioned by the nonprofit John D. and Catherine T. MacArthur Foundation and carried out by Hart Research Associates. These sacrifices include getting a second job, deferring saving for retirement, cutting back on health care, running up credit card debt, or even moving to a less safe neighborhood or one with worse schools.

more:
http://www.marketwatch.com/story/over-50-of-americans-struggle-with-home-affordability-2014-06-03?siteid=nwtpm




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