We asked 3k readers about mortgage and rent payments... The Hustle’s readership skews higher-income than the median American household. A few stats on our respondents:pic.twitter.com/nI7r5iCVa7
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- Average annual income = $113k (nat. avg. = $63k) - 69% live in a house; 31% live in an apartment/condo 64% pay a mortgage; 36% pay rent - Average monthly rent/mortgage = $1,844 (nat. avg. = $1,465) ~12% are unemployed Findings:
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- 8.3% of all respondents said they anticipate missing a rent payment in the next 3 months. To put this figure in context: An apples-to-apples comparison is hard to come by. 1 recent survey found 32% of US households had trouble making their housing payments for July.
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- Renters struggled more than homeowners. A fitness trainer in Irvine told us: “With gyms closing yet again in my county and the relief ending in a few weeks I will be totally screwed… At this point the unemployment plus the $600 is more than I can make at work without client
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A hair stylist in LA said: "Since reopening a few weeks ago here in Los Angeles, my freelance biz was going well so I have been renting a chair at a new shop, but now salons and barbers are closing again, and I cannot afford to pay rent where I live and where I work.”
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You can find all the info here: https://thehustle.co/07162020-rent-survey/?utm_campaign=rent+survey&utm_content=07162020-rent-survey&utm_medium=email&utm_source=daily … By
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