Too poor to buy or even rent. At least that is the case for millions ofMillennials living at homewith parents. Unable to afford even rents, many are staying home. Thedata backsthis up in a dramatic fashion. You have anecdotal stories of Taco Tuesday baby boomers sitting on big bucks givi...
While Nia cannot afford the average one-bed, the amount she's spending on rent is pretty relative to her income — about 29% of her income on rent (compared to the comparable average of 27%). She's in line with the popular "spend only 30% on rent" rule (living in NYC, I could...