For renters, the Harvard study said monthly rents have been rising faster than wages for years.
For Cody Hanson, a co-owner of Skull and Dagger Tattoos in Littleton, Colorado, higher housing costs is something he's far too familiar with.
Experts said that people should spend no more than 30% of their income on housing, and that includes your rent or mortgage payment as well as your utilities. It's even worse for renters. According to the study almost half are what's often referred to as"house poor." At 22.4 million households, that's the highest number on record.
For renters, the Harvard study said monthly rents have been rising faster than wages for years, while the stock of units most affordable, under $1,000 a month, has shrunk by 6 million since 2012.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Non-Americans Married To Americans Share Differences'There's a pressure to be perfect in American life that makes having difficult emotional conversations, at least for his family, almost impossible.'
Read more »
Harvard Expert Issues Urgent Nuclear War Warning: 'Dark Clouds Loom'The world could soon face 'unrestrained arms competition...involving more countries and more technologies,' Harvard nuclear tension expert Matthew Bunn said.
Read more »
From Harvard’s Halls To TikTok Stardom, How Samyra Combines Music & Plus-Size AdvocacySamyra (samyra on TikTok) is one of the most prominent Gen Z voices using their social media savvy to push for fashion’s size-inclusive future during a time when progress seems not only to have halted but reversed.
Read more »
Aliens may be living among us disguised as humans, Harvard researchers claimResearch scientists at Harvard University wrote a paper suggesting aliens could be living underground or on the moon, or even walking among us and posing as humans.
Read more »
Harvard scientists think aliens may already be living on EarthHarvard researchers believe we should consider the possibility that an advanced species of aliens might already be living on Earth.
Read more »
Aliens living among us: Harvard paper makes ‘cryptoterrestrials’ claimThe cryptoterrestrial theory suggests that advanced ancient human civilization may continue to exist even after some catastrophic events.
Read more »