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Stock impact report

Younger Renters and Parents Sacrifice More to Make Rent

Zillow Group, Inc. - Class A (ZG) 
Last zillow group, inc. - class a earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.zillowgroup.com
Company Research Source: PR Newswire
SEATTLE, Nov. 14, 2019 /PRNewswire/ -- As rents continue to steadily rise across the U.S., about a quarter of rentersi say affording their rent payments is difficult or very difficult. To make ends meet, two-thirds of those renters make at least one financial sacrifice to afford their home, and half wouldn't be able to afford an unexpected $1,000 expense, according to the 2019 Zillow® Group Consumer Housing Trends Report.Discretionary spending on leisure activities is the most likely to go – spending on entertainment was cut by 38% of renters, making it the top response. Supplementing income is the next most common course of action, especially for younger renters. A quarter of all renters pick up a second job or more hours at their current job. With affordability challenges growing in much of the country – renters typically spend a larger share of their income on rent than they did a year ago in 28 of the 35 biggest markets in the U.S. – 42% of renters said that they ended up in a loc Show less Read more
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