Posted 8/27/2023, 1:30:00 PM

An alarming 39% of Americans say they've skipped meals to make housing payments — 5 steps to get back on track ASAP

An alarming 39% of Americans have skipped meals to afford housing payments, and here are five steps to get back on track: look into a forbearance plan, refinance your mortgage, set up automatic payments, downsize your home, and make a budget and stick to it.

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Relevant topic timeline:

8/22/2023

Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high

The average American now needs to spend 43% of their income to afford a home, as mortgage rates soar to their highest levels since 2000, reducing housing affordability and causing a decrease in housing supply.