More Americans Facing a Rent Burden
Small Business Labs
APRIL 26, 2018
Being rent burdened means having less money for other expenses or savings. Between 2001 and 2015 median U.S. Add in increases in utilities and other related costs and the increase is close to 50%. In 2015 7 million of renter households were severely burdened, which is defined as spending more than half of their income on rent.
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