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Monthly rent bill eating up more of many Americans’ paychecks

The Columbian
Published: July 19, 2015, 12:00am

WASHINGTON — More people than ever are renting instead of buying homes, but being a renter isn’t getting any easier.

For many households, the monthly rent check is so big that it eats up the majority of their paycheck — and the burden is growing. Some 20.7 million rental households — or about half of all renters — spent more than 30 percent of their income on housing in 2013, according to a report from the Harvard Joint Center for Housing Studies.

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