income - Unusual Whales

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income

A collection of 2 posts

60% of Americans across different income groups are optimistic and expect their finances to improve by 2024

Per Bloomberg 60% of Americans coming from different income groups are optimistic about 2024. According to the Gallup poll, they believe that their finances would improve. Gallup shares that the optimism is not actually unusual and that Americans lean more towards expecting improvement. Jeffrey Jones noted in the report that

Americans are spending 30% of their income on rent: New York RTI shot up to 68.5%

Per Moody's Analytics In over 20 years, the national average rent-to-income has reached its highest number ever at 30%. This means that out of a normal US citizen's income, 30% of it will go directly to rent. Places like New York City have seen their rent