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
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