Bloomberg.com – Camden R. Fine
When you’re paying more than 50 percent of your income on housing, there’s not much room for anything else. That burden concerned two housing experts from the Center for Housing Policy, who recently released a report indicating that in the recent past, nearly 25 percent of working Americans were struggling under heavy housing burdens. The culprit: dropping income levels. According to the report, which used the most recently available data from the Census Bureau American Community Survey, the share of working households with a severe housing cost burden increased significantly between 2008 and 2011, rising from 21.8 percent to 23.6 percent.
>> Link to The Report from Center for Housing Policy: http://www.nhc.org/media/files/Landscape2013.pdf