Affordable Housing, Reports and Publications

New Pew Study Says U.S. Families Are Falling Behind

 

The Pew Charitable Trust has issued a report, “The Precarious State of Family Balance Sheets” that explores income, expenditures, and wealth among American families.

From the report:

  • 80% of household spending falls into six categories, with housing being the largest
  • Not only is it the largest, but the amount of spending on housing is inverse to income with households in the top income quintile spending 31% on housing while those in the bottom quintile spent 40% on housing.
  • The total growth of earnings for the typical U.S. worker grew just 2% between 1999-2009.
  • Since 1984, the average growth of household expenditures has risen 6% (after adjusting for inflation).
  • Workers at the bottom of the income ladder have just 9 days in liquid savings.
  • Nearly half of U.S. households saw an income gain or drop of more than 25%, a rate that’s been constant since 1979.

Click here to access this report. 

 
 

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