Half of US Renters Can No Longer , Afford Housing, Study Finds.<br />A growing number of households are <br />struggling to pay rent, according to a new report by the <br />Joint Center for Housing Studies of Harvard University.<br />The study found that a record half <br />of renters in the United States paid over <br />30% of their income toward rent and utilities in 2022. .<br />Almost half of those people were <br />found to be extremely cost-burdened, <br />paying over 50% of their income. .<br />We actually saw increases across <br />every single income category that we <br />look at, which sort of surprised us, Whitney Airgood-Obrycki, senior research associate <br />with the center and the report's lead author, via NPR.<br />The study found that the largest leap in<br />unaffordability was for households with an <br />annual income between $30,000 and $74,000. .<br />The study found that the largest leap in<br />unaffordability was for households with an <br />annual income between $30,000 and $74,000. .<br />Among those with full-time jobs, <br />a third of all renters were living <br />under cost-burdened conditions.<br />For those making less than $30,000 <br />a year, a staggering all-time high <br />of 83% were cost-burdened.<br />At the same time, homeless rates in <br />the U.S. have also hit a record high. .<br />We simply don't have enough <br />homes that people can afford, Jeff Olivet, executive director of <br />the U.S. Interagency Council <br />on Homelessness, via NPR.<br />And when you combine rapidly <br />rising rent — that it just costs more <br />per month for people to get into <br />a place and keep a place — you get <br />this vicious game of musical chairs, Jeff Olivet, executive director of <br />the U.S. Interagency Council <br />on Homelessness, via NPR
