Americans Spending More On Housing Than Ever

18.6 million American households –renters and homeowners alike – spend more than half their income on housing, according to a new study by Harvard's Joint Center for Housing Studies.

The report's authors place the blame on stagnant wages. The report also says that the impact falls heaviest on lower-income people, and "most of the people eligible for government housing subsidies aren't getting them."

The full report is available here.

Thanks to Nekoro Gomes

Full Story: Housing Costs Devour More Family Budgets

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00