According to a study, housing has become unaffordable for half of renters in the U.S.
- The study comes from the Joint Center for Housing Studies of Harvard University, which covered rent spikes in 2022.
- It found that half of U.S. renters were spending 30% of their income to cover rent and utilities.
- Almost half of these people paid more than 50% of their income and were considered "severely cost-burdened."
- The study also revealed that homelessness rates in the nation had reached record highs last year.