A study by Enterprise Community Partners and Harvard's Joint Center on Housing Studies includes dire predictions about the future of an already-deeply-troubled rental market.
"The number of U.S. households that spend at least half their income on rent—the 'severely cost-burdened,' in the lingo of housing experts—could increase 25 percent to 14.8 million over the next decade," reports Patrick Clark.
That prediction comes from a new report from Enterprise Community Partners, a non-profit affordable-housing group, and Harvard’s Joint Center on Housing Studies. The data also includes a demographic angle that shows that some groups in the country will take more of the growing burden than others. "More than 1 million households headed by Hispanics and more than 1 million headed by the elderly could pass into those ranks," adds Clark.
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