A Boring Dystopia

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Nearly half of US renters spend more than 30% of their income on housing costs (www.cnn.com)

submitted 16 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 10 hours ago (1 children)

It's a crude rule of thumb that was questionably useful when it was first promulgated, and now is entirely adrift from reality.

[–] [email protected] 4 points 9 hours ago

It's extremely difficult to pull off today, but that doesn't mean that it isn't an appropriate figure. The "wants" and "investment" categories have effectively been wiped out for a large number of people, which isn't a healthy and sustainable way to live long term.

This is what the entire "living wage" argument is based on. Regular people aren't making enough money to have a healthy budget. Well, some are just over inflating wants, but that's not the people I'm talking about.