rental properties

(Photo by Justin Sullivan/Getty Images)

Study: Half Of US Renters Pay More Than 30 Percent Of Income For Housing

A new study from the Joint Center for Housing Studies of Harvard University finds that nearly 50 percent of renters are “cost-burdened,” meaning they pay more than 30 percent of their income to rent housing. This is nearly double from the less than one-quarter of renters who paid that much in 1960.