severely cost-burdened

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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.

12/09/2013

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