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More people are paying more for rent than they used to. In 2015, of all renter households: * 38% were rent burdened (defined as spending 30% or more of pretax
by extra88 5y ago
More people are paying more for rent than they used to.
In 2015, of all renter households:
* 38% were rent burdened (defined as spending 30% or more of pretax income on rent), an increase of about 19% from 2001.
* 17% were severely rent burdened (spending 50% or more), an increase of 42% from 2001 (the 38% rent burdened includes the 17% severely burdened).
For households headed by someone 65+, 50% are rent burdened, ~20% severely rent burdened.
https://www.pewtrusts.org/-/media/assets/2018/04/rent-burden_report_v2.pdf https://www.pewtrusts.org/-/media/assets/2018/04/rent-burden...