3 ms·
If you don't mind me asking, what did the 25% increase in housing/income ratio come out of if your savings rate stayed the same?
by smelterdemon 9y ago
If you don't mind me asking, what did the 25% increase in housing/income ratio come out of if your savings rate stayed the same?
- btilly 9y agoPresumably the fact that food, entertainment, transportation and other expenses went up under 2x. For most Americans, housing+savings is under 50% of income.
- sidlls 9y agoThe only expense that went up appreciably was housing. Basic expenses for everything else averages out to be about the same. Internet and commute costs are about the same, food is slightly more expensive, and utilities (power, water) slightly less than where we were. I kept my 401k rate the same and effectively doubled the amount of money I'm saving. It's not my only savings, but it is the bulk of it.