Over the last 10 years, more households have had to spend more of their income on housing, as renter incomes have eroded and assistance efforts have failed to keep pace with need. Consequently, the nation’s goal of ensuring affordable and decent housing for all has been undermined. In 2012, more than half of renters – 21.1 million households – paid more than 30% of their income for housing, a record number. Low-income households most cost-burdened by rent had to cut back heavily on food, transportation, and health care in order to cover their monthly housing costs. Lowest-income households ended up spending $130 a month less on food because of high housing costs.
Source: Harvard University, 12/9/13, Rent & Food
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