City Dwellers Are Putting Their Finances at Risk, Data Shows
There's something to be said about living in a large city and getting to enjoy the conveniences, amenities, and nightlife involved. But the cost of living in a city makes that lifestyle prohibitive for a large number of Americans.
On the other hand, many city dwellers are willing to make financial sacrifices to live in the middle of it all. And 55% say the costs of city living are worth it, according to a new survey by online search tool Rent.com.
The problem, however, is that many people who reside in cities are risking their finances in the process. Case in point: An estimated 41% of city dwellers say they sacrifice saving money to live where they live.
Quelle Fool.com