Poll: Most Americans Concerned About Ability To Pay Mortgage Or Rent

The recession may be over, but according to a new poll by the Washington Post, not only are most Americans concerned about having enough money to pay their rent or mortgage, but that number has continued to increase over the last two years.

According to the WaPo numbers, 53% of those polled expressed at least some concern over their ability to pay for their homes. A full 33% of people said they were very concerned about being unable to afford the payments.

A year ago, the same poll showed that only 46% of the people were concerned, and a mere 24% voiced strong concern about keeping a roof over their heads.

That being said, a large number (61%) of poll respondents said that now is a good time to purchase a home, while only 29% said it’s a bad time.

So in summary, deflated housing prices mean it’s a good time to buy a home, but people are afraid they won’t be able to afford one.

Most Americans worry about ability to pay mortgage or rent, poll finds [Washington Post]
Washington Post Poll [Detailed poll results]