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: Nearly 22 million households spend more than they can afford on rent, Harvard report says

Low-income households and households of color are especially affected

There were a record 21.6 million cost-burdened renter households in the U.S. in 2021, according to a new report.

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The number of cost-burdened renters — or people who spend more than the recommended 30% of their income on housing each month — is at a record high as affordability declines nationwide, according to a report from Harvard University’s Joint Center for Housing Studies published Wednesday.

In 2021, the report said, there were a record 21.6 million cost-burdened renter households in the U.S., increasing by 1.2 million from 2019’s pre-pandemic levels to hit the highest recorded level since 2001. And while the share of cost-burdened…

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