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The Census Bureau released its annual report this week on “Income and Poverty in the United States” with lots of new updated data on household income and household demographics. Based on those new data, I presented my annual CD post “Explaining Income Inequality by Household Demographics” a few days ago. Below are four charts that [...]
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October 24, 2016 1:11 PM
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It's been in the news frequently, the middle class is shrinking and the people who can afford to purchase real estate shrinks as well.
The American dream of buying a home is a at a record low. The Wall Street Journal reports, "The homeownership rate, the proportion of households that are owner-occupied, fell to 62.9%, half a percentage point lower than the second quarter of 2015 and 0.6 percentage point lower than the first quarter 2016, the Census Bureau said on Thursday. That was the lowest figure since 1965.