Census Analysis Finds Many Americans Spend Half or More of Income on Rent

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More than one in four renters has to spend at least 50 percent of their total household income to pay for housing and utilities, according a new analysis of Census data. That number is up 26 percent from 2007, shooting up to 11.25 million.

The findings were revealed on Friday by Enterprise Community Partners, a nonprofit that helps finance affordable housing.

“It means making really difficult trade-offs,” said Angela Boyd, a vice president at Enterprise Community Partners. “There are daily financial dilemmas about making their rent or buying groceries.”

Image via flickr/Steven Depolo

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