Older homeowners spend a larger percentage of their income on house maintenance.

Name: Older homeowners spend a larger percentage of their income on house maintenance.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Older homes often require more upkeep and repairs, which can result in higher maintenance costs relative to income. Additionally, older homeowners may have fixed retirement incomes that do not keep up with rising expenses, further increasing the percentage of income spent on maintaining their homes.

Older Homeowners Spend a Larger Percentage of Their Income on House