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. In 2015 7 million of renter households were severely burdened, which is defined as spending more than half of their income on rent. The main cause of this is rents have been rising much faster than household income.
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