US households are now 'rent-burdened' for the first time ever, blowing 30% of their income on rent — these 3 states are the most squeezed. (Plus tips on how to handle the distress.)
Many Americans will be familiar with the 30% rule, which dictates that housing costs should never eat up more than 30% of your household income. But as it turns out, that old rule of thumb has become untenable for apartment dwellers these days.
Don't miss
'Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' — here are 3 better recession-proof buys
The “decade of lost wealth” is here — experts say this is where $500K portfolios should invest in
