So-I conclude that 50% of Americans already on their own home and don’t have a mortgage payment.
Yup—the article makes no sense.
For most folks their mortgage or rent payment is their largest monthly expense.
“So-I conclude that 50% of Americans already on their own home and don’t have a mortgage payment.”
or live under bridges for free ...
housing is always the number one living expense, far exceeding the others
here’s one link that shows housing costs are nearly three times what food costs are:
https://www.bankrate.com/banking/savings/average-household-budget/#average-expenses