Sixty Percent of Renters Report Financial Health in Jeopardy Over High Housing Costs New data shows that twice as many renters as homeowners say that rising housing payments are having a negative impact on their financial health. This, as 18 million consumers report having given up on buying a home since January 2021 due to rising mortgage rates. Learn more in PYMNTS’ latest “Consumer Inflation Sentiment” report.
Inside the February Report
  • 30%: Share of Gen Z who live in someone else’s home without paying rent or contributing to mortgage payments
  • 60%: Portion of renters who say their rental payments have a notably negative impact on their financial health
  • 34%: Share of lower-income consumers who say monthly rental payments have a very or extremely detrimental effect on their financial health