Gallup Says 11% Of Americans Lack Affordable Housing

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By Douglas A. McIntyre Published

More than 1 in 10 Americans faced times in the past year when they could not afford adequate housing, according to a Gallup Poll which documents how access to affordable housing remains a worldwide problem as countries struggle to emerge from the Great Recession.

People in the U.S. , Europe and Canada, though are in better shape than residents of the former Soviet countries and Sub-Saharan Africa where 31% of adults in each region told Gallup that they did not have enough money to provide adequate  housing for themselves or their families.  In Latin America and the Caribbean the figure is 21% and in Asia it’s 17%.   Pollsters found that 14% of residents of North Africa and the Middle East worried about keeping a roof over their heads along with 8% of residents of Europe and 5% of those living in Canada.

Azerbaijan records the highest percentage (76%) of residents who say they didn’t have enough money for adequate housing of the 128 countries Gallup surveyed in 2009 and 2010. About 4 in 10 residents surveyed in neighboring Georgia (43%) and in Turkmenistan (38%) and Kyrgyzstan (41%) also worried about affordable housing.  This also remains a problem in the Baltic countries of Latvia and Estonia, where 19% say they struggled to afford shelter.

The picture also is bleak in parts of Africa and Asia.  About half or more of adults in Liberia (53%), Chad (51%), and Tanzania (46%) report problems in affording a place to live. Surprisingly, only 19% of residents of Zimbabwe, which has been a disaster economically for years, report that they are dealing with the issue.  This figure has remained little changed  since 2006 and is similar to what pollsters found in South Africa (15%).

Though Singaporeans, at 1%, are the least likely in the world to report housing problems, roughly half of respondents in Cambodia (50%), the Philippines (49%), and Afghanistan (47%) say they’ve faced this situation.  The average remains low throughout the Middle East except for Bahrain, where it hits 46%, though the government there has pledged $1 billion to tackle the problem.

Ironically, despite the glut in homes, the problem of affordable homes has only become worse.  The problem is due to the new draconian lending practices of banks, unemployment and the fear that housing has not stopped dropping.

–Jonathan Berr

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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