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Millions of American families can't afford their homes, new study shows

By Trumplestiltskin in Current Events and Hot Social Topics

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Trumplestiltskin Grand Master

Trumplestiltskin   5,791

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  • 35.3 per cent of American households spend more than 30 per cent of their income on rent, a proportion that is considered unaffordable
  • The proportion of renters who pay 30 per cent more for housing rose 12 per cent over the last decade
  • Among the 40 million households whose housing is unaffordable are 27 per cent who pay 50 per cent or more for their homes
  • Presently, only 23.8 per cent of households who need housing assistance receive it

Read more: http://www.dailymail.co.uk/news/article-2671761/Millions-American-families-afford-homes-new-study-shows.html#ixzz35ovsfR2o

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