See on Scoop.itLandlord tips and housing news

Here it is, fresh from the Bureau of Labor Statistics : all of American spending in one big color wheel. Since some of you (inexplicably) don’t like pie charts, here’s the same data in bars. Averages are …

Lori Hartjoy‘s insight:

As the struggle to balance our budgets continues, you’ll note here that the bottom 20% (poorest) spend 40% of their income on housing. Typically they are renters. This is above the typical 33% requirement that many landlords have. So, by looking at this it means that those in the lowest income brackets (disable, seniors, students, etc.) are having to cut costs elsewhere. It looks to me like they are cutting it in insurance. How do you think this will change as Obamacare requirements come online?

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