Moderately cost-burdened households pay more than 30 percent of income for housing, including utilities; severely cost-burdened households pay more than 50 percent.
In 2014, just under half (49.3 percent) of American renters were housing cost burdened, spending more than 30 percent of income on housing costs. This represents a record…
Stagnant incomes and tight credit since the recession have worked in tandem to keep many renters from becoming homeowners in recent years, even as prices plummeted. Now, as…