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Nearly half are spending more than recommended on rent: U.S. Census Bureau

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www.youtube.com – ABC Action News – 2024-09-17 17:16:36

SUMMARY: As prices for housing, gas, and groceries strain budgets, many in Tampa Bay face challenges with rising rent, despite expected declines in gas prices. The Census Bureau reports that over 21 million renter households nationwide spend more than 30% of their income on rent; in the Tampa area, nearly 30% pay over half their income. This situation leaves many, including single parents, struggling to manage their finances. With rent increases outpacing wage growth, residents express concerns about their financial futures and the impact on their families, highlighting the broader affordability crisis across the country.

According to an analysis by the U.S. Census Bureau, more than 21 million renter households spent more than 30% of their income on housing costs in 2023.

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News from the South - Florida News Feed

Asian shares are mostly higher after Wall Street rally caps a dismal week

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www.news4jax.com – Elaine Kurtenbach, Associated Press – 2024-12-22 22:26:00

SUMMARY: Asian shares mostly rose on Monday following a U.S. stock rally, despite the S&P 500 ending down 2% for the week. U.S. lawmakers passed a budget deal, preventing a government shutdown. Tokyo’s Nikkei 225 climbed 0.9% while Honda and Nissan’s potential merger created market fluctuations. Hong Kong’s Hang Seng and Australia’s S&P/ASX 500 also saw gains. In the U.S., Friday’s gains were driven by positive inflation data, though concerns about fewer interest rate cuts next year lingered. Oil prices increased slightly, with U.S. crude at $69.86 a barrel.

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Florida man continues to face fines while helping homeless

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www.youtube.com – ABC Action News – 2024-12-22 13:00:00

SUMMARY: Virgil Robinson, a 71-year-old man, faces $200,000 in fines as P County Code Enforcement clears trash from his property, where he provides shelter for 17 homeless individuals. Robinson, likened to a modern-day Robin Hood, aims to help others save money for housing despite living without running water or electricity. He spends his pension on compliance efforts but has been accused of environmental crimes for improper waste disposal. He seeks support and solutions to navigate the legal hurdles while highlighting the challenges faced by homeless people. Robinson calls for attention and assistance in meeting compliance requirements at his property.

A man from Lakeland who is using his property to help the homeless was slammed with thousands of dollars in fines for not being in compliance with Polk County.

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Why did at least 67 people die in Christmas charity stampedes in struggling Nigeria?

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www.local10.com – Chinedu Asadu, Associated Press – 2024-12-22 10:17:00

SUMMARY: In a tragic week, stampedes at Christmas charity events in Nigeria resulted in at least 67 deaths, primarily of children, amidst a severe cost-of-living crisis. In Oyo state, 35 children died, while 22 perished in Anambra and 10 in Abuja, where over 1,000 attendees sought food and clothing. Rising inflation at a 28-year high and 63% of the population living in poverty drive desperation for aid. The lack of security measures at events has been criticized, with calls for better organization to prevent future tragedies. President Bola Tinubu urged enforcement of stricter safety protocols for such gatherings.

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