10 Million Low and Moderate Income Renters Spend More than Half Income on Housing
In a recent blog post, “The Housing Statistic to Kick-Off 2014,” the National Housing Conference reports that more than 25% of low- and moderate-income renters in the United States spend more than half of their income on housing needs. The households include workers who work more than 20 hours a week but still face severe cost-burdens.
The author, Lisa Sturvent, writes,
“These are child care workers and librarians, restaurant workers and janitorial staff, customer service representatives and administrative assistants. These are the workers who serve the residents in our communities and work for the businesses that drive our local economies.”
Although the year 2014 is well underway, this statistic is an important one to remember when urging our elected officials in Washington D.C. and more locally to increase funding for affordable housing.
Click here for the full blog post which includes “other statistics to use in 2014.”