The high cost of renting leaves many families paying a higher share of their income for housing. American Community Survey data from 2019 show that 45 percent of renter households spend more than 30 percent of their monthly income on rent.
I hope that these impressive and accomplished young men and women will enjoy long and successful careers in banking that they will be able to reflect back on during the 54th annual community banking conference in 2066. I have already penciled in the date on my calendar, and I look forward to hearing what they will have to say.