Whereâ€™S the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household's Financial Obligations
Posted: 28 Jun 2018 Last revised: 21 Feb 2019
Date Written: 2018-06-20
To get a more comprehensive picture of how families' uncommitted income has evolved since the financial crisis, we analyze a broader measure of householdsâ€™ committed monthly payments that includes rent for renters, as well as payments to cover mortgages for homeowners and other debt obligations for all families.
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