Compared to their wealth and capital gains, their spending is almost too small to be noticed. For most Americans, savings are closer to 0-2% of their income while for the richest the saving rate is as high as 60%. Not only are the rich holding sizeable wealth but they save more of their income too. Q.
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Half of the apartments will be for renters with Section 8 vouchers, and all will have varying income caps. Most will be for renters making between about $26,000 and $35,000 a year – equal to 30 to 40 percent of the area median income for a single-person household. Renters will pay between $759 and $1,302 a month, or one-third of their income.
It’s getting harder for more Americans to make rent each month. It’s getting harder for more Americans to make rent each month. Source: Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016
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