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News Link • Economy - Economics USA

More than 40 MILLION Americans can;t afford their homes ...

  • 35.3 per cent of American households spend more than 30 per cent of their income on rent, a proportion that is considered unaffordable
  • The proportion of renters who pay 30 per cent more for housing rose 12 per cent over the last decade
  • Among the 40 million households whose housing is unaffordable are 27 per cent who pay 50 per cent or more for their homes
  • Presently, only 23.8 per cent of households who need housing assistance receive it
  • Record numbers of Americans are unable to afford their homes, new data shows.

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