Americans' Satisfaction With 'Good, Affordable Housing' in U.S. Plunges-Here's Why
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Americans' Satisfaction With 'Good, Affordable Housing' in U.S. Plunges-Here's Why
"Americans’ dissatisfaction with housing availability has significantly increased in recent years, driven by rising home prices and personal perceptions of affordability."
"In 2024, only 36% of U.S. respondents expressed satisfaction with local housing, a stark decline from 61% in 2020, highlighting a troubling trend."
"Despite rising dissatisfaction, only 11% of adults in OECD countries reported being unable to afford adequate housing, showcasing a disparity between perception and reality."
"The dramatic decline in housing satisfaction in the U.S. correlates with the COVID-19 pandemic, where satisfaction plummeted from 54% in 2021 to 40% in 2022."
A recent Gallup survey highlights a growing dissatisfaction among Americans regarding the availability of affordable housing, with only 36% expressing happiness in 2024, down from 61% in 2020. This trend aligns with decreasing satisfaction seen across other OECD countries. Despite this decline, the survey reveals that most residents in wealthy nations can afford adequate housing, as only 11% reported difficulties in doing so, indicating a disconnect between perceived and actual housing affordability.
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