Economy | Business

Study Shows Rising Rent Straining Family Budgets

NPR | Dec. 10, 2013 9:11 a.m.

Many Americans who live in rental properties can’t keep up with the cost of higher and higher rents, according to a new study by Harvard’s Joint Center for Housing Studies. The report finds that half of U.S. renters spend more than 30 percent of their income on rent. David Greene speaks with Chris Herbert, one of the report’s authors, about why there isn’t more affordable housing.

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