Nearly one-third of American households are cost-burdened: report

Nearly 40 million American households were cost-burdened in 2016, meaning that they spent more than 30 percent of their incomes on housing, according to a new report. Though that represents a decrease of 800,000 households from 2015, renters haven’t seen much improvement since the recession, according to Harvard University’s Joint Center for Housing Studies’ “State of the Nation’s Housing.” The share of renters who were cost-burdened in 2016 was 47 percent, down only slightly from […]

source https://therealdeal.com/2018/06/19/nearly-one-third-of-american-households-are-cost-burdened-report/