A total of 21.6 million households now spend more than 30% of pre-tax income on rent. Some households are even paying even up to 50% of earnings on apartments, according to a new study by Harvard. Record number of Americans are struggling to pay rent:
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 Joint Center for Housing StudiesA total of 21.6 million households now spend more than 30% of pre-tax income on rent. Some households are even paying even up to 50% of earnings on apartments, per Harvard’s research.
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