US Economy: Report says Minimum-Wage Earners Priced Out of Rentals

For middle- and low-income tenants, things just keep getting worse.

Tenants know this: The rent keeps going up. Housing counselors know this: More working families are struggling to pay rent and are coming in to seek help, afraid they'll end up homeless. Now, here come the numbers.

First was the report in February from the federal Center for Housing Policy, which revealed that an astonishing 1 in 4 working households in America — around 10.6 million families — spend more than half of their pre-tax income on housing, a level that experts say is unhealthy, if not impossible, to sustain.

 For more: Report: Minimum-Wage Earners Priced Out of Rentals