Saturday, March 26, 2022

23% Of Workers Pay 50% Or More Of Income For Housing


The chart above is from the Pew Research Center. It shows a big (and growing) problem in the United States -- too many Americans have to pay too much of their income for Housing. Nearly a quarter of U. S. families (23%) pay 50% or more of their income for Housing, and another 8% pay more than 40% of their income. That is not sustainable, especially since these people are mainly in the lower income portion of workers. Having to pay so much for housing leaves very little for other necessities (food, clothing, school, etc.). Congress needs to address the shortage of affordable housing in this country.

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