Want to save up for a home? Say goodbye to 54% of your income for 6 years

According to research from Zillow affiliate Hot Pads, it will take the average U.S. renter more than six years to save up for a 20% down payment on a home. With rent now taking up an average of 34% of a renter’s income and home prices on the rise, the dream of homeownership is becoming more and more distant for U.S. renters.