“Twenty-five percent of Americans are spending more than half of their income just to keep a roof over their head.”

A recent Harvard report revealed that 25 percent of renters in the U.S. are spending 50 percent or more of their income on monthly rent…with no apparent end in sight.

Basic wisdom (which was largely established by rules governing public housing eligibility) warns a healthy bank account means that one’s housing costs shouldn’t exceed about one-third of a person’s take home pay.

…but…

A recent report from the Joint Center for Housing Studies (JCHS) at Harvard, puts some numbers on just how bad this problem is: About half of all renters in the U.S. are using more than 30 percent of their income to cover housing costs, and about 25 percent have rent that exceeds 50 percent of their monthly pay.

Source: Rent Is Too Expensive – The Atlantic

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