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Andrew Lokenauth | TheFinanceNewsletter.com
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Salary You Need to Afford the Median-Priced US Home (per year):
1920: $830
1930: $940
1940: $1,300
1950: $2,300
1960: $4,500
1970: $7,500
1980: $14,000
1990: $23,400
2000: $33,400
2010: $46,700
2020: $68,000
2026: $123,000
That’s over $10,000 a month before taxes.
JUST IN: America’s emergency oil reserve has fallen to its lowest level since 1983.
That’s less than half of its total storage capacity.
In 2009, the reserve peaked at 727 million barrels.
Today, it holds 340 million.
Housing costs have outpaced wage growth for decades.
In the 80s homes cost 3x income. Now it's 5x.
The housing market is broken.
