Half of US renters and homeowners struggle to pay for housing

Nearly half of American renters and homeowners (49.9%) report struggling to afford their housing payments, according to a new Redfin report. Many say they’ve made significant sacrifices to keep a roof over their heads.

The most common sacrifice was forgoing vacations, a choice made by over a third (34.5%) of those struggling with housing costs. However, the report highlights even more serious sacrifices.

Over one-third (34.5%) skipped vacations, while 22% skipped meals and 20.7% worked extra hours at their job. A similar share (20.6%) even sold belongings.

Approved – Sully