Study shows expenses increased faster than incomes

By: STAFF Email
By: STAFF Email

October 8, 2008

Thousands of Americans are stretching their dollars thin and losing their homes because of it. News 12 found a study to attest to today's crisis.

According to the study by the Center for Housing Policy, between 1996 and 2006, homeowner expenses increased faster than people's incomes. For example, mortgage payments and utilities jumped nearly 50 percent, while property taxes increased 66 percent and property insurance went up 83 percent. Homeowner incomes only increased 36 percent during that time.

You can download the complete study from the link above.


WRDW.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 30657444