10 Cities With the Most House-Poor Homeowners (and 10 With the Fewest)
10 Cities With the Most House-Poor Homeowners (and 10 With the Fewest)
In some cities, many people spend more than half their income on housing.
This story originally appeared on SmartAsset.com.
According to the U.S. Department of Housing and Urban Development, a household that spends more than 30% of its combined income on housing is considered “cost-burdened.” And households spending over 50% on housing are considered “severely cost-burdened.” Many homeowners nationwide facing constraints based on their housing expense ratio may need to rethink their housing budget and move forward with a different personal finance plan. Some cities are more affected than others, however, which is why SmartAsset decided to take a closer look at the data to identify the cities with the most and fewest of these cost-burdened homeowners.
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The 10 Most Dangerous Cities for Driving (and 10 Where Streets Are Safest)
You ll want to be extra cautious behind the wheel here.
This story originally appeared on Outdoorsy.
Driving is one of the most common activities in everyday life, but it’s also one of the riskiest. According to data from the National Highway Traffic Safety Administration, traffic crashes in 2019 injured more than 2.7 million people and killed more than 36,000. The latter figure makes motor vehicle accidents one of the most significant causes of death in the U.S., especially for young people.
And while drivers have been spending less time on the roads over the past year due to the COVID-19 pandemic, preliminary data from the NHTSA suggests that 2020 saw an uptick in traffic fatalities. Over the first nine months of 2020, vehicle miles traveled were down 14.5 percent year-over-year in the United States, but fatalities reported were up 4.6 percent to over 28,000 over the same span.
10 Cities Where Retirees Are Moving for 2021
These cities have recently been popular destinations for retirement.
Retirees are on the move, despite the COVID-19 pandemic.
Though just 17% of the U.S. population is 65 and older, relocation company United Van Lines reports that seniors in that age group comprised 29% of all its moves in 2020, one percentage point greater than in 2019.
Moreover, about 20% of all surveyed movers listed relocating for retirement as their primary reason for pulling up stakes.
But those leaving the workforce are gravitating in droves to certain places compared to others. With that in mind, SmartAsset examined data from states and cities to uncover where retirees are moving the most.
15 Cities With the Oldest Populations
These places have the largest percentage of residents age 65 and older.
This story originally appeared on Filterbuy.
One of the most impactful demographic trends across the United States in the coming decades will be the growth in the population aged 65 and older.
Much of the country is graying as more baby boomers, who were until 2019 the U.S.’s largest generational cohort, reach retirement age. The boomers more than 73 million Americans born between 1946 and 1964 began hitting retirement age more than a decade ago and will continue to age into the 65-and-up bracket until the end of the 2020s.