Listen Live Graphics (Indy)
PraiseIndy Featured Video
CLOSE
Hands with US - Dollars.

Source: Ulrich Baumgarten / Getty

Woman sitting in flat surrounded by boxes

Source: BDLM / Getty

More Americans than ever are spending at least half of their income on a basic necessity, shelter. Paying the rent is getting more difficult than ever for a variety of reasons. A new study finds that 11-million people in the U.S. are spending at least 50-percent what they make to keep a roof over their heads. That’s the highest ever. More than 21-million people spend 30-percent or more of their income to pay the rent. That’s also a record. Personal finance experts advise people to budget around 30-percent of their monthly income for housing costs. The study out today was done by Harvard University’s Joint Center for Housing Studies.

The JCHS is holding a live event at 12:30 p.m. EDT today to discuss the report and what it means for the finances of low- and moderate-income individuals and families in their hunt for affordable, safe housing in this nation. To watch, click HERE.

# (@PraiseIndy) #

KimWellsMedia - photo closeup 2015

: KimWellsMedia :

062216

Send your press releases, news tips and show requests to me at the station three ways: Email: kwells@radio-one.com,  Phone: 317-923-9696 x 509 (leaving a message), or Fax:317-261-4664Be sure to follow me on Twitter @kwellscomm. For “Access Indy with Kim Wells” specifically, story tips, etc…email AccessIndy@radio.fm.“Access Indy with Kim Wells” airs Sunday mornings at 8 a.m. Eastern on Sister Station – 106.7 WTLC. Listen on-air, on-line (tlcnaptown.com), or by app.

#WTLCIndyNews   #PraiseIndyNews   praiseindy.com

Also On AM 1310: The Light:
Rest In Power: Notable Black Folks Who We’ve Lost In 2021
"When They See Us" World Premiere
57 photos