Soaring Costs Force Some Renters To Choose Between Shelter And Food

April 27th, 2011

Via: Huffington Post:

Around 10 million American households — or one in every four families that rent their homes — could have to choose between paying rent, buying groceries or keeping current with bills, according to a report released Tuesday.

The number of households spending more than 50 percent of their income on rent and bills jumped by 2.6 million over the last decade, according to a Harvard Joint Center for Housing Studies report. Economists generally consider “affordable” rent to cost about 30 percent of a tenant’s income.

When housing costs hit certain levels, many Americans are forced to choose between rent and food.

Posted in Collapse, Economy, Energy, Food | Top Of Page

2 Responses to “Soaring Costs Force Some Renters To Choose Between Shelter And Food”

  1. prov6yahoo says:
    April 27, 2011 at 6:47 pm

    keep your home and heat… scrounge for food.

  2. dagobaz says:
    April 28, 2011 at 1:28 pm

    hello, Egypt.

    Coming soon to an oligarchic tyranny near you. Stay tuned for further developments on this channel

    -c

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