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More renters than ever now spend too much of their incomes on housing, Harvard study finds

Por: MarketWatch Business January 27, 2024

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Housing is generally considered affordable if it costs no more than 30% of one’s gross income. People who spend more than that are known as “rent burdened” or “cost burdened.” Half of U.S. renters in 2022 were spending more than 30% of their incomes on rent and utilities, according to the Harvard joint center, up 3.2 percentage points from before the pandemic in 2019. Among these renters, an all-time high of 12.1 million were severely... + full article



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