Nearly Half of US Renters Spend More Than 30% of Their Income on Housing Costs
A significant proportion of U.S. renters face high housing costs, with nearly half spending over 30% of their income on rent. This figure, which defines those as “cost-burdened” by rent, highlights the increasing financial strain many Americans feel as housing prices continue to climb. While wages have stagnated for many, the cost of living, especially…
