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Just how expensive has homeownership become? To afford a typical home, households need an income of about $117,000 right now — a 50% increase from $78,000 in January 2020, according to a Bankrate report. Over the same five years, wages rose just 27%. What gives? Also in this episode: The dollar’s value drops, Europe weighs economic independence amid tariff troubles and falling enrollment shrinks budgets at rural public schools.
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Just how expensive has homeownership become? To afford a typical home, households need an income of about $117,000 right now — a 50% increase from $78,000 in January 2020, according to a Bankrate report. Over the same five years, wages rose just 27%. What gives? Also in this episode: The dollar’s value drops, Europe weighs economic independence amid tariff troubles and falling enrollment shrinks budgets at rural public schools.
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