Over Half of Older Renters Face Unaffordable Housing Cost Burden

Percentage of Owners and Renters Age 50+ Who Pay 30% or More of Their Income for Housing Costs

                                           2000      2009
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…