Reason #38: Over Half of Americans Can’t Afford Their House
Over Half of Americans Can’t Afford Their House. In order to cover their rent or mortgage over the last three years, 52 percent of Americans have had to make at least one major sacrifice, such as getting a second job, deferring saving for retirement, cutting back on health care, or running up credit card debt.
Source: MarketWatch, Half of Americans Can’t Afford Their House (June 8, 2014).
As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40 jobs bills the House has already approved. The reasons define the distress Americans continue to feel in the “new normal” of high unemployment and weak job creation resulting from Obama Administration economic policies.
View the prior reasons here.