The number of U.S. households that spend at least half their income on rent—those considered "severely cost-burdened,"—could increase 25% to 14.8 million over the next decade, according to a report from Enterprise Community Partners, an affordable-housing nonprofit group, and Harvard’s Joint Center on Housing Studies.
Researchers considered various scenarios for wage and rent growth over the next decade.
The best case: the number of severely-cost burdened households will barely fall, from 11.8 million in 2015 to 11.6 million in 2025. Most scenarios indicated worsening affordability over the next 10 years.
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