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Americans struggling to keep up with sky-high rents: study

Better job prospects and ageing population spurring demand for rental accommodation, it says

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About 43 million families and individuals in the US currently live in rental housing, an increase of nearly nine million households since 2005. The share of households renting rose to 37 per cent, highest since the mid-1960s, from 31 per cent.

Washington

RECORD numbers of US renter households are spending more than 30 per cent of their income, and in many cases more than half their income, on housing costs, according to a study published on Wednesday.

In its biennial report on rental housing, the Harvard Joint Center for