More and more Americans are struggling to pay their rent.
According to a report from the Joint Center for Housing Studies of Harvard University, one in four renters are paying more than half their income on housing. This equates to 10.9 million renters.
Did you now skyscrapers can predict economic crashes?
And the skyscraper index is flashing red.
As economist Mark Thronton explained in his book, The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century, the so-called Skyscraper Index has a remarkably accurate record signaling economic downturns dating back to the late 19th century.
What can skyscrapers tell us about the state of the economy?
A lot actually. In fact, you can predict economic crashes by looking at skyscraper construction, as economist Mark Thornton explains in this episode of It’s Your Dime.