The Typical American Household Is Now Rent-Burdened, a Report Says
For the first time in more than two decades, the typical American household is rent-burdened — meaning that 30 percent of the median U.S. income is required to pay the average rent, according to a new report from Moody’s Analytics.
“This 30 percent is a symbolic threshold, a milestone,” said Thomas LaSalvia, the director of economic research at Moody’s.……
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