Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’
The poll, conducted by the Harris Poll Thought Leadership and Future Practice, asked survey takers to identify themselves as renters or homeowners, along with other demographic information. Those polled were asked their opinion on home ownership in the United States. For many, especially renters, the outlook is bleak.
Though the vast majority of renters polled said they want to own a home in the future, 61% said they are worried they will never be able to. A similar percentage believe no matter how hard they work, they’ll never be able to afford a home.
“When you think about Maslow’s hierarchy of needs, and housing is right at that foundational level of security, the implications on consumer psyche when things feel so unaffordable is something that will impact everyone,” said Libby Rodney, chief strategy officer at Harris Poll. The American dream of owning a home “is looking more like a daydream for renters”.
I posted in another thread that I have nothing to save for retirement but people chastise me for getting the occasional chai latte or buy Taco Bell for my kid once in a while and I got the response, “what are you going to do about your child’s future?”
Hope we can afford to feed her until (if ever) she can make it on her own?
As if I could put the $20 or so a month on “luxuries” like those into a savings account and become a millionaire by the time I’m 65.