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It Matters: High Rents

Posted on October 27, 2015 Written by Carolyn Conner

“Baby boomers now in their 50s have lower incomes, wealth, homeownership rates and more debt than generations before them, according to a report from the Harvard Joint Center for Housing Studies and the AARP Foundation. A third of Americans 50 and older spend more than 30% of their income on housing, while 37% of those 80 and older spend more than 30% on housing.”  Boomer Doomer – The Other Side Of High Rents

 

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