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

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year 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.

[–] [email protected] 2 points 1 year 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.