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Andrew Cuomo: “30% is the definition of rule of thumb of what percentage of…”

Featuring: Andrew Cuomo, Democratic | Former Governor of New York

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Published | Video Starts at 10:58

Ben Khabish, I think a lot of. New Yorkers who make a hundred thousand dollars or $142,000 might take issue with your characterization of how comfortable it is. It's not comfortable. Right. But 30% is the definition of rule of thumb of what percentage of your income should go to Rent. Now, you can say, I think 30% is too high. I'd rather it be 20%. Yes, but 30% is the rule of thumb. (10:58–11:09)

CLAIM

Asserts that 30% of income for rent is the rule of thumb.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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