DECRYPTION – The OECD is alarmed by the jump in this spending item in recent years, fueled by rising house prices.
It is a thorn in the side of households in many developed countries. Access to affordable housing y “Becomes more and more difficult”, the Organization for Economic Co-operation and Development (OECD) is alarmed in a report. “Housing is much more than where you live, points out Mathias Cormann, Secretary General of the OECD. It is the most important item in the household budget, and a key element of economic performance as well as well-being. ”
With real estate prices soaring around the world in recent years, the weight of housing in OECD household spending has increased by nearly 20% in a decade, from 2005 to 2015 Households then devoted nearly a third of their income to this expenditure (31%). The trend has not improved since. The difficulties in finding housing no longer spare the middle classes, even if the burden is heavier for disadvantaged households, underlines the institution.
In France, prices, corrected
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