More money for wars, but can’t house the poor
The United States is in the midst of a housing crisis. Roughly one-half of all renters in the United States are “cost-burdened,” spending at least 30% of their income on rent. Just over one-fifth of homeowners are cost-burdened as well. All told, 40.6 million households paid at least 30% of their income to rent or mortgage payments, with 20.3 million paying more than 50%. One-third of all U.S. households.
Eugene Puryear October 27, 2023
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