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Americans Skipping Meals To Afford Housing Under Biden: POLL
Posted on 4/7/24 at 8:28 am
Posted on 4/7/24 at 8:28 am
Link to article…
Nearly one in five homeowners and renters reported skipping meals to afford housing in Biden’s economy, according to a new survey conducted by Redfin. The median asking rental price increased from less than $1,700 when Biden took office in January 2021 to nearly $2,000 as of February, according to Redfin’s data.
Americans made other sacrifices to stay in their homes, with 20.7% reporting working more hours, 20.6% saying they have sold their belongings, more than one in six having dipped into retirement savings and 15.6% reporting that they’re putting off medical care to afford housing payments.
As of February, the median household earned $30,000 less than it would need to afford the median home in the United States, according to Redfin. When Biden took office in 2021, the median household earned thousands more than would be required to afford the median home.
The median home in the United States cost $417,700 as of the fourth quarter of 2023, according to the U.S. Department of Housing and Urban Development. Some states, like California, are even more expensive, with the median costing $675,667 as of January, according to Zillow.
As of April 6, an average of 57.8% of Americans disapproved of Biden’s handling of the economy, according to ReaClear’s aggregation of survey data. By contrast, 68% of Americans recall the economy being better under former President Donald Trump, according to a poll released by CBS News in March.
Nearly one in five homeowners and renters reported skipping meals to afford housing in Biden’s economy, according to a new survey conducted by Redfin. The median asking rental price increased from less than $1,700 when Biden took office in January 2021 to nearly $2,000 as of February, according to Redfin’s data.
Americans made other sacrifices to stay in their homes, with 20.7% reporting working more hours, 20.6% saying they have sold their belongings, more than one in six having dipped into retirement savings and 15.6% reporting that they’re putting off medical care to afford housing payments.
As of February, the median household earned $30,000 less than it would need to afford the median home in the United States, according to Redfin. When Biden took office in 2021, the median household earned thousands more than would be required to afford the median home.
The median home in the United States cost $417,700 as of the fourth quarter of 2023, according to the U.S. Department of Housing and Urban Development. Some states, like California, are even more expensive, with the median costing $675,667 as of January, according to Zillow.
As of April 6, an average of 57.8% of Americans disapproved of Biden’s handling of the economy, according to ReaClear’s aggregation of survey data. By contrast, 68% of Americans recall the economy being better under former President Donald Trump, according to a poll released by CBS News in March.
Posted on 4/7/24 at 8:29 am to Placekicker
Why I've always said I had no clue why they fought to hard to win 2020. Had Trump had to deal with this, MAGA dies forever.
Posted on 4/7/24 at 8:31 am to Placekicker
quote:
As of April 6, an average of 57.8% of Americans disapproved of Biden’s handling of the economy
42.2% are dumb.
Posted on 4/7/24 at 8:31 am to SlowFlowPro
You think there'd be this level of supply line & infrastructure failures under Trump? You totally ignore Pete Buttinjig's incompetence and taking 6 months 'maternity' leave?
Posted on 4/7/24 at 8:31 am to momentoftruth87
quote:
You need help
Posted on 4/7/24 at 8:32 am to SouthEasternKaiju
quote:
You totally ignore Pete Buttinjig's incompetence and taking 6 months 'maternity' leave?
He was always a symbolic token.
Posted on 4/7/24 at 8:32 am to Placekicker
quote:
Americans Skipping Meals
Well we all know how fat the average American is. This could be healthy.
Posted on 4/7/24 at 8:33 am to SouthEasternKaiju
quote:
You think there'd be this level of supply line & infrastructure failures under Trump?
Yes. He has very little control over that.
We would have a slight (and I mean slight) improvement due to petro policy, but nothing was stopping that post-Covid inflation, not after a decade of forced inflation via ZIRP.
quote:
You totally ignore Pete Buttinjig's incompetence and taking 6 months 'maternity' leave?
You give far too much credit for what are mostly ceremonial positions
Posted on 4/7/24 at 8:33 am to Placekicker
Considering 42% of america is obese. I would say they need to skip meals.
Posted on 4/7/24 at 8:33 am to TrueTiger
quote:
Well we all know how fat the average American is. This could be healthy.
Ironically, end food stamps and people might lose weight.
Posted on 4/7/24 at 8:36 am to SlowFlowPro
quote:
Why I've always said I had no clue why they fought to hard to win 2020. Had Trump had to deal with this, MAGA dies forever.
Posted on 4/7/24 at 8:36 am to SlowFlowPro
Jake from state farm can see better than you Jacob.
Posted on 4/7/24 at 8:39 am to Lsupimp
Trump was on shaky ground with moderate Republicans. You think the unfavourability of having to oversee this economic shite show would have been good for him? Or are you arguing MAGA would have revolted and made him the scape goat to preserve the movement?
Posted on 4/7/24 at 8:44 am to SlowFlowPro
I am arguing neither. My argument is that your hypothetical hot takes are increasingly poorly formed. Let's stay in reality.
Posted on 4/7/24 at 8:45 am to SouthEasternKaiju
TBH
Pete’s 6 month maternity leave probably helped. He’s a disaster.
Pete’s 6 month maternity leave probably helped. He’s a disaster.
Posted on 4/7/24 at 8:47 am to Placekicker
And most of them are in debt up to their ears and probably were before things got tough.
Posted on 4/7/24 at 8:48 am to Lsupimp
quote:
My argument is that your hypothetical hot takes are increasingly poorly formed
Based on what?
quote:
Let's stay in reality.
What could Trump have done to turn the tide of inflation after his Covid policies/spending?
Petro production would have helped with maybe a couple hundred billion in GDP growth over these 4 years. I already said that. That would have helped, but not much.
Trump has no bullets to grow our economy enough to help (nobody does).
Posted on 4/7/24 at 8:49 am to Hayekian serf
Incoming cwill post about silver surfers boobs
Posted on 4/7/24 at 8:50 am to Lsupimp
quote:
My argument is that your hypothetical hot takes are increasingly poorly formed.
Its his Sunday "Argue the progressive side" day
Sunday is his Whataboutism day.
This post was edited on 4/7/24 at 8:50 am
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