Data shows middle-class renters increasingly burdened by housing …

Oct 31, 2024 · Nearly 4 in 10 middle-class renter households are burdened by costs, an NBC News analysis of Census Bureau data found. That’s up almost 20% since 2019, while the …

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Data Shows Middle-class Renters Increasingly Burdened By Housing …

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Oct 31, 2024 · Nearly 4 in 10 middle-class renter households are burdened by costs, an NBC News analysis of Census Bureau data found. That’s up almost 20% since 2019, while the …

nbcnews.com

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Housing Is Unaffordable For A Record Half Of All U.S. Renters : NPR

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Jan 25, 2024 · Even among those working full time, a third of all renters were still cost-burdened. For renters making under $30,000 — who already faced the most severe struggle to afford …

npr.org

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Rising Rent Prices Burden Middle-Class Households

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Oct 31, 2024 · The burden of rising rental costs, once mainly a concern for lower-income households, has now extended its reach to the middle class.Nearly 40% of middle-class renter …

primeainews.com

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Housing Costs A Big Burden On Renters In Largest U.S. Counties

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Nov 7, 2024 · Over 19 million U.S. renter households spent more than 30% of their income on housing costs in 2021, according to data from the 2017-2021 American Community Survey …

census.gov

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Emergency Rental Assistance Program - U.S. Department Of The …

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The ERA2 program was authorized by the American Rescue Plan Act of 2021 and provides $21.55 billion to assist eligible households with financial assistance, provide housing stability …

treasury.gov

FAQs about Data shows middle-class renters increasingly burdened by housing … Coupon?

How many middle-class renters are burdened by costs?

Nearly 4 in 10 middle-class renter households are burdened by costs, an NBC News analysis of Census Bureau data found. That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs. ...

Are rent costs coming to the middle class?

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Nearly 4 in 10 middle-class renter households are burdened by costs, an NBC News analysis of Census Bureau data found. That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. ...

Are renters becoming more cost burdened in 2024?

The 2024 State of the Nation's Housing report found record levels of cost burdened renters, including increasing numbers of middle-income households. ...

How many renters are cost burdened in 2022?

As rents have continued to rise, the number of renters that are cost burdened — those spending more than 30 percent of income on rent — has reached an all-time high. McCue shared findings from the report, which reveals that more than 22 million renter households were cost burdened in 2022. ...

How many renters are middle-class?

Of the more than 40 million renter households in the Census Bureau survey data, middle-class households account for 20.1 million — roughly 7.8 million of which are cost-burdened ones. Daniel Evans checks his bank account twice daily — once in the morning and again before going to bed. ...

How much do renters spend on housing in 2023?

SEPT. 12, 2024 – Over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter households in the United States for whom rent burden is calculated. ...