Percentage of Owners and Renters Age 50+ Who Pay 30% or More of Their Income for Housing Costs
Owners with mortgage 29% 36%
Owners without mortgage 11% 14%
Renters 43% 52%
Source: AARP Public Policy Institute (2013). Figure 1. Loss of Housing Affordability Threatens Financial Stability for Older Middle-Class Adults. Author: Rodney Harrell, PhD and Shannon G. Guzman. Retrieved from: http://www.aarp.org/research/ppi/security/loss-of-housing-affordability-...