When Half Your Income Goes to Rent

I read this story this morning about how 29 percent of households in New York City spent more than half their income on rent in 2011, compared to 26 percent in 2008, according to a report by the Community Service Society, and although I know it's not uncommon, am still blown away when I read about four young people living together as roommates and needing to pay $1,300 to make their monthly rent.




