One of the most popular posts on Financial Samurai is The average net worth For The Above Average Person. The ‘above average person’ is loosely defined as someone who was a B+ or better student in high school, graduated from college (~35% of the American population), works hard, plays well with others, takes full advantage of their pre-tax retirement plans, saves additional disposable income.
this post was submitted on 22 Jun 2016. 32,361 points (88% upvoted. 11 million Americans spend half their income on rent. live in San Diego and I would be surprised if under 50% of the population here was paying less than 50% of their total income to either rent or a mortgage..
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Countries with no property taxes on real estate, where you can keep more of your own money.. harold smith on July 22, 2016 at 5:48 am .. (more taxes on income besides the state and federal income taxes). Seniors can’t afford their homes anymore and it’s really unfair to them because they don’t have children in the school system.
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It’s getting harder for more Americans to make rent each month. It’s getting harder for more Americans to make rent each month. Source: rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016
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