Ask Question
BusinessBusiness
21 September, 00:57

The average person spends about 42% of their income on housing. True or False

+3
Answers (1)
  1. 21 September, 03:27
    0
    False

    Explanation:

    It is not this much. It usually revolves around 30 percent. Of course, there is a large difference between different groups of people. Those who have smaller salaries are spending more money on housing, while those with larger ones of course spend less money.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The average person spends about 42% of their income on housing. True or False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
3 key concepts of investments
Answers (1)
Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity. The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000.
Answers (2)
Use the cost-benefit analysis table to answer the question: Should Mrs. Baxter allow her students to take an open-book test?
Answers (1)
How might taxes have an impact on your financial plan?
Answers (1)
Honest Abe's is a chain of furniture retail stores. Integral Designs is a furniture maker and a supplier to Honest Abe's. Honest Abe's has a beta of 1.38 as compared to Integral Designs' beta of 1.12. Both firms carry no debt, i. e.
Answers (1)
New Questions in Business
Concord Furniture factors $893000 of receivables to Pharoah, Inc. Pharoah assesses a 3% service charge on the amount of receivables sold. Concord Furniture factors its receivables regularly with Pharoah.
Answers (1)
Consider income data for three fictional nations. In Smithland, the top half of earners make $100,000 per year, while the bottom half make $20,000. Hayektopia's bottom half also make $20,000 per year, while its top half make $200,000.
Answers (1)
Your friend is injured while visiting your leased apartment. Her medical costs are most likely to be covered under:
Answers (1)
What are the problems the publishers face
Answers (1)
Nice Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 240 100 % Variable expenses 48 20 % Contribution margin $ 192 80 % Fixed expenses are $160,000 per month.
Answers (1)
Home » Business » The average person spends about 42% of their income on housing. True or False
Sign Up Forgot Password?