America’s Next Housing Crisis: How The Pandemic Is Pushing Renters To The Brink

Overall measures of rental housing affordability and security improved only slightly during the pre-pandemic economic expansion. In 2018, even as the national unemployment rate was slipping to generational lows, nearly 21 million renters were classed as cost burdened, spending more than 30% of income on rent and utilities, according to the Joint Center for Housing Studies.