15% of your income

[DiMarxist]

The question you should ask yourself is 15% of how much,  you have to know that different persons has different salary structures to the low income earners that is not visible. Because the cost of housing has been on the rise for a while now on a global stage, this is due to the inflation which the world is currently experiencing. You have to keep more than 15% of your earnings to solve the problem of housing as an average citizens.

[Hypnosis00]

With inflation currently happening these days, and house rental seems increasing, I don't think spending only 15% from your monthly income is still possible. Although that could still be true, but probably comfort and convenience are no longer present, which are considered crucial factors especially if you are building your own family.

However, if you have high position in a big company and your earning salary is quite an impressive amount, I guess that could still be possible. But for minimal or low income workers, that will never be good enough. They have to increase their sources of income so they can still afford and live a good and comfortable life.

[Taricoins]

The question you should ask yourself is 15% of how much,  you have to know that different persons has different salary structures to the low income earners that is not visible. Because the cost of housing has been on the rise for a while now on a global stage, this is due to the inflation which the world is currently experiencing. You have to keep more than 15% of your earnings to solve the problem of housing as an average citizens.

Well it depends on the particular region too because I know 15% of the earnings that people get over here will certainly not cover for anything in this part of world and just like you have said the global inflation too has to be checked in the course of giving such assessments, with the rate at which things are going now I believe even 30% of your will be hard to sustain you that's if you are not a six figure earning.

[Berry2d]

With inflation currently happening these days, and house rental seems increasing, I don't think spending only 15% from your monthly income is still possible. Although that could still be true, but probably comfort and convenience are no longer present, which are considered crucial factors especially if you are building your own family.

However, if you have high position in a big company and your earning salary is quite an impressive amount, I guess that could still be possible. But for minimal or low income workers, that will never be good enough. They have to increase their sources of income so they can still afford and live a good and comfortable life.

How much do you think the salary of a civil servant or a. Employee would be that he or she will only spend 15 percent of it considering the constant inflation and other money consuming activities.  For spending only 15 percent of once income monthly to be possible,  that Employee must be on a large salary scale and also have other source of income if he really wants to meet up to such high targets. There are some uncertain targets that one cant not meet up to except he will be willing to deprive himself and his family good feeding and other important needs of life which we are not supposed to do away with. Though meeting up to such targets will be of great importance as it will help for raising of capital for other investment that will help in financial stability.

[passwordnow]

15% isn't that a lot for a rent budget if you're living with someone. But, if you're alone and this is going to take that much of your whole salary monthly, you should have a plan to not stay on that situation for a long time. Because if you do, that only means that you have no plans for the long term although renting isn't bad because you can move anytime you want and you have no obligation to that property for as long as you're renting it.

[Alone055]

With inflation currently happening these days, and house rental seems increasing, I don't think spending only 15% from your monthly income is still possible. Although that could still be true, but probably comfort and convenience are no longer present, which are considered crucial factors especially if you are building your own family.

However, if you have high position in a big company and your earning salary is quite an impressive amount, I guess that could still be possible. But for minimal or low income workers, that will never be good enough. They have to increase their sources of income so they can still afford and live a good and comfortable life.

There is no doubt about that, because the comfort of your residence will surely depend on how much you are spending on it. If you are renting a place which is just normal for living and have not enough amenities or even space, then you will have to spend a lower amount, but if you want a better place especially if you have a family, then you will need to spend a larger amount of money from your salary only on the place, and then manage other stuff with the remaining amount, and mostly, people spend a larger amount on housing and bills, and then the rest of the things are taken care of.

People who only earn a minimum wage are the ones who mostly struggle with housing because they don't even earn enough to rent a good place and then take care of the other basic necessities of the household, which is why they have to spend as little as possible and get a place which at least has a roof where they can sit and sleep only good enough for shelter. This is mostly the case in rural areas in third-world countries where even mud houses are used for living purposes until today.

[blockman]

If you are living in the Metro, 15% seems to be a huge cut if you're a minimum wager. You have an idea on how much it should be per region and that's why in my case, that's already a lot. Including all the taxes and VAT that we're charged and even before receiving the salary, we've got also a lot of deductions as well. I think it's a global problem that the usual thing isn't 15% and it's more than that. I've watched some videos in the first world countries that it's even taking them more than 50% of their household income which is so crazy. Which leads those people to live in their cars and be rent free while working until they have enough money to rent again.

[dezoel]

Rent at 15% would actually be pretty decent, considering that even when we are owning our home, the payments that we make are now close to 10%, we are literally paying our government a rent to own our home, which never made sense to me.

Taxes are a real thing and with taxes, and HAO and all of that, we are literally paying 10% right now and that is a very important piece of chunk of money in our budget unfortunately. And this is with us owning the home, imagine paying rent, if we were renting, I would be paying nearly all of my salary.

[bubilas]

almost 10 years ago, i read that your rent or whatever you pay for your home should not exceed 15% of your monthly income. now in 2026, many reports are saying that there definitely is a housing crisis.

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

This is too secure a scheme to be really viable in most cases. And I want to say from my personal experience that when I took out a mortgage on my current apartment, it was 25% of my salary, and therefore I was quite afraid to enter into it. After all, groceries always take up half of my salary, which means I had a quarter of my salary left for all my other needs.
 And it was really hard to live, but since the cryptocurrency world often gives us bonus rewards, I was able to hold out for this period. And now the mortgage for my apartment is less than 10% in terms of payment. As the years passed, salary indexation was in effect. And the fixed mortgage payments did not change.

[FanEagle]

This is why having your home outright is such a privilege and everyone's goal should be. Because just imagine saving 15-20% of your money every single month, or even just buying bitcoin with it. That would be a lot of money in very quick span of time. Someone who could save 20% of their money every time they get a salary, instead of paying rent or mortgage, would be able to get rich 10 years and in 20 years or so they could retire.

The very first financial goal of everyone in the world would be free housing, if you could have a home, not pay any rent, or not pay any mortgage, then it's VASTLY easier for you to get rich. Look at this topic, people are talking about how it could be as high as 50% on their home.

[silpersurfer]

Paying 15% is not a problem, especially since the career we have built has not yet matured, we can still change companies if we are no longer comfortable in that place and also we will not have the burden of a house that has to be maintained and paid taxes, you are still free and reduce house maintenance costs if you can still rent.
But if you already have a family and a stable and strong career then having a house is an obligation because after all the family must have a place to live and on the other hand our finances are very secure so we can live more safely in the long term.

[Japinat]

This is only possible for those who are highly compensated well, but for those who are struggling to make ends meet with their minimal income, this will be very hard to attain.

In fact, this 15% isn't even a guarantee for those who are earning well not because they tend to overspend or mismanage their finances, but because everything these days are highly affected by inflation, and that everything turns expensive. If you have no reliable source of income, you will definitely die in hunger and poverty.

[Emitdama]

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

Interesting question. I've never calculated how much I spend on housing in terms of a percentage of my income. I guess it's definitely higher than 15% if I am to count everything, maybe more towards 25-30% in fact.

Perhaps it also depends on where you live and what kind of lifestyle you have because some people prefer to spend more and live lavish lifestyle while others prefer to spend more on savings, other hobbies, etc.

By the way if I was living on rent, this number would obviously be a lot higher and towards 50-60% range.

[EarnOnVictor]

do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

Those who told you that 15% should be allocated for the house rent and house-related services are telling you the truth. That's, at least, how it should be. My own philosophy about this, which is based on how I was told is even 10% for the entire year. Still, some factors like the country of residence, the actual earning and it's frequency must come in play, which is beyond our planning most times.

This was doable in country many years ago, provided you earn averagely. But now, inflation and many other economic woes have changed the who system. House rents are now abominably high. I mean it could gulp as high as 40% of your annual income if you want to live averagely comfortable. This is not fair!

[Rabata]

A person has to spend a large part of his income on housing. In the last few years, the cost of daily life has increased to a large extent. Due to which extra money has to be spent in every field. House rent has increased significantly compared to the last few years. Generally, people have to worry about house rent the most. While it is easy for a rich person to pay house rent with 15% of their income, it will not be easy for an ordinary family to cover house rent with 15% at this time. Although this matter completely depends on the region or country he lives in. Since everything is more expensive worldwide than before, almost all places in the world will have to spend more in this field.

[Webetcoins]

The question you should ask yourself is 15% of how much,  you have to know that different persons has different salary structures to the low income earners that is not visible. Because the cost of housing has been on the rise for a while now on a global stage, this is due to the inflation which the world is currently experiencing. You have to keep more than 15% of your earnings to solve the problem of housing as an average citizens.

Agreed. I don't know where OP is from because the cost of living varies for each country but where I stand, it's way more than 15%. Then I also don't believe in all these articles because most of these articles are paid campaigns funded by some rich billionaire who wants to shape society in a certain way.

I would say that right now saving money is more important than anything else. And when I say savings, it means assets and not just currency. You don't know when the economy just folds and you must have some kind of asset like Gold with you. Even Bitcoin is an asset because the price goes up infinitely with the every shrinking supply (lost coins, etc).

[Unknown Op]

Paying 15% is not a problem, especially since the career we have built has not yet matured, we can still change companies if we are no longer comfortable in that place and also we will not have the burden of a house that has to be maintained and paid taxes, you are still free and reduce house maintenance costs if you can still rent.
But if you already have a family and a stable and strong career then having a house is an obligation because after all the family must have a place to live and on the other hand our finances are very secure so we can live more safely in the long term.

Rent of your house always matters a lot and if you have a house on rent then you have to pay rent on time and you have to take good job . You should save some amount of money from your income to get house because if you will buy home then it will be safe for you to live at a sane place and you can start a small business at that time which will make you successful in  future years . When you have good paying job then you will do all things which will make you happy in life . Payment always matter a lot and many people are paying more than 15 percent because they have house which is out of their reach but they have that due to their child who have great comfort in life and want all luxury lifestyle in their life .

[Abiky]

I think they were pretty close to cutting the rates, I mean they couldn't handle it for too long and had to cut it down eventually, no matter how much they insisted. However, with this war on Iran situation going on, I think they have new reason not to cut it again, and could keep it high.

I think the way to go for USA will be not only they will keep it where it is, and may even need to print some more money to fuel this war as well. It is not going to be easy for them and the results will not be easy for them at all, it is going to be quite tough. I think it's clear that we are going to face off some situations where FED will have the upper hand and since it's independent, it will not be that great for them at all.

Well, FED chairman Jerome Powell's term will be ending on May. I'm sure Trump's nominee Kevin Warsh will support cutting rates. Even with the Iranian war in play. If he's a "loyalist", he will meet with the President's demands. Rate cuts are needed to help lower housing and transportation (acquiring a new vehicle) costs.

The EU is way ahead in the game. It's been cutting rates for quite some time. But if wars intensify and supply chains continue to be disrupted, there will be no rate cut in the world that would benefit the economy. The situation is getting tough. One can only hope geopolitical tensions ease, so things can go back to "normal". At least, temporarily. We'll see what happens...