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A report reveals that in 2022, a record half of renters paid over 30% of their income for rent and utilities, and nearly half paid over 50%.

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Housing is now unaffordable for a record half of all US renters, study finds

More households now struggle to pay rent, according to a newly released report from the Joint Center for Housing Studies of Harvard University. It finds that in 2022, as rents spiked during the COVID-19 pandemic, a record half of U.S. renters paid more than 30% of their income for rent and utilities. Nearly half of those people were severely cost-burdened, paying more than 50% of their income.

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