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Housing Affordability Crisis Deepens in the U.S..

Nearly half of Americans struggle to meet housing costs, resorting to significant sacrifices to afford their homes.

  • Nearly one in five homeowners and renters are skipping meals to afford housing in the current economy, highlighting the sacrifices many Americans are making to stay in their homes.
  • Half of U.S. homeowners and renters report struggling to pay housing costs, with significant numbers cutting back on vacations, working extra hours, or selling belongings to manage expenses.
  • Mortgage payments are near an all-time high, and the typical household earns about $30,000 less than what is needed to afford a median-priced home.
  • Millennials, baby boomers, and Gen Xers are dipping into retirement savings for housing costs, while Gen Zers are working extra hours, selling belongings, and skipping meals.
  • Housing affordability is influencing Americans' plans for the upcoming presidential election, with many considering multigenerational living arrangements to cope with high costs.
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