Monday, December 9, 2013

More Than Half Of US Renters Pay Over 30 Percent Of Their Income for Rent

From MacArthur Foundation, "U.S. Renters Face Growing Affordability Problems:"
For the first time, more than half of all U.S. renters spend more than 30 percent of their income on rent, according to a new report released by the Harvard Joint Center for Housing Studies.
The escalating affordability problem comes at a time when the number of Americans who rent is increasing while wages remain stagnant.

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