Second Jobs, Retirements Funds Helping to Pay Rent -- Market Talk

Dow Jones11-22 23:02

1002 ET - Just over one in five--22%--of U.S. renters say all of their regular income goes directly to paying their rent, Redfin says. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share--19%--say they have worked a job they hated to afford rent. Renters also use money that was earmarked for retirement to pay their housing costs, including retirement funds. About 12% contributed less to retirement savings. Rental affordability may improve in the near future, Redfin says, with prices already showing signs of losing steam as more newly constructed apartments come on the market. Renting is a popular choice because affordability has become even more strained for people looking to buy a home. (chris.wack@wsj.com)

(END) Dow Jones Newswires

November 22, 2024 10:02 ET (15:02 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485264479?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 23:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485264479","market":"us","top_or_hot":-1,"title":"Second Jobs, Retirements Funds Helping to Pay Rent -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1002 ET - Just over one in five--22%--of U.S. renters say all of their regular income goes directly to paying their rent, Redfin says. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share--19%--say they have worked a job they hated to afford rent. Renters also use money that was earmarked for retirement to pay their housing costs, including retirement funds. About 12% contributed less to retirement savings. Rental affordability may improve in the near future, Redfin says, with prices already showing signs of losing steam as more newly constructed apartments come on the market. Renting is a popular choice because affordability has become even more strained for people looking to buy a home. (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2024 10:02 ET (15:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Second Jobs, Retirements Funds Helping to Pay Rent -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSecond Jobs, Retirements Funds Helping to Pay Rent -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1002 ET - Just over one in five--22%--of U.S. renters say all of their regular income goes directly to paying their rent, Redfin says. Working a second job is also a fairly common way for renters to ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485264479","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485264479","pubTimestamp":1732287720,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1002 ET - Just over one in five--22%--of U.S. renters say all of their regular income goes directly to paying their rent, Redfin says. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share--19%--say they have worked a job they hated to afford rent. Renters also use money that was earmarked for retirement to pay their housing costs, including retirement funds. About 12% contributed less to retirement savings. Rental affordability may improve in the near future, Redfin says, with prices already showing signs of losing steam as more newly constructed apartments come on the market. Renting is a popular choice because affordability has become even more strained for people looking to buy a home. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","CFA.SI":"NikkoAM-STC Asia REIT","RDFN":"Redfin Corp","BK4079":"房地产服务"},"translate_title":"第二份工作、退休基金帮助支付租金——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"RDFN":0.9},"content_text":"1002 ET - Just over one in five--22%--of U.S. renters say all of their regular income goes directly to paying their rent, Redfin says. Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share--19%--say they have worked a job they hated to afford rent. Renters also use money that was earmarked for retirement to pay their housing costs, including retirement funds. About 12% contributed less to retirement savings. Rental affordability may improve in the near future, Redfin says, with prices already showing signs of losing steam as more newly constructed apartments come on the market. Renting is a popular choice because affordability has become even more strained for people looking to buy a home. (chris.wack@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  November 22, 2024 10:02 ET (15:02 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485264479"}