That’s objectively false ... Why do you think that most Americans can’t properly afford rent?

Here’s an article from CNBC measuring the proportion of Americans who can’t afford housing .

Right off the bat, it claims that 40 million Americans don’t meet their threshold for affordability for housing. The population of adults in the US is (age 18+) ~209 million. That means that ~19% of the US adult population doesn’t meet the articles threshold for affordability.

19% of adults is not most Americans.

But this figure is if we accept CNBC’s threshold for what is considered affordable. They used the metric of 30% or lower of total income qualifies as affordable and anything beyond 30% counts as unaffordable.

I spend 39% of my income on rent and I have zero problems paying, yet I would classify as one of those 40 million people in CNBC’s study. So, the actual percentage of adult Americans who can’t properly pay their rent is likely even smaller than the 19% figure above.