More Than Half Of US Renters Pay Over 30 Percent Of Their Income for Rent

From MacArthur Foundation, "U.S. Renters Face Growing Affordability Problems:"

For the first time, more than half of all U.S. renters spend more than 30 percent of their income on rent, according to a new report released by the Harvard Joint Center for Housing Studies.***The escalating affordability problem comes at a time when the number of Americans who rent is increasing while wages remain stagnant.