Harvard study: Why a record number of Americans are struggling …

Jul 11, 2023 · A record number of American renters are spending at least one-third of their income on rents, according to The State of the Nation's Housing 2023, published by Harvard's …

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Rents Are Unaffordable For Half Of American Households, Harvard …

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Jan 25, 2024 · The total number of cost-burdened renter households reached 22.4 million over that time, a record high that accounts for 50% of all renter households in the United States, …

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FAQs about Harvard study: Why a record number of Americans are struggling … Coupon?

Are Americans handing over more money to housing costs?

A Harvard University study shows that people across all income levels have been affected by rising rents. That means Americans are handing over a bigger portion of their paychecks to housing costs. CAMILA DOMONOSKE, HOST: Rent has skyrocketed in the United States. ...

Why did homelessness hit a record high last year?

As the Harvard report notes, U.S. homelessness rates hit a record high last year. The Biden administration and housing experts link that squarely to a severe housing shortage that has helped drive up prices. ...

What percentage of the US population is unhoused?

As a result, Black people are 37 percent of all unhoused people but just 13 percent of the US population, while Hispanic people are more than a quarter (28 percent) of people experiencing homelessness but less than 20 percent of the population. ...

What percentage of households are severely burdened?

Still, even among this subset, nearly a quarter are severely burdened. The rate then begins to rise again, increasing slightly to 49 percent for households headed by someone aged 55–64, including 28 percent with severe burdens, and continues upward. ...

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