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Homeowners Are Feeling Less Financial Strain Than Renters

Homeowners Are Feeling Less Financial Strain Than Renters

The US Census defines cost-burdened households as a household that spends at least 35 percent of their monthly income on household costs (including their mortgage, utility bills, property taxes, and other costs associated with homeownership). In other words, cost-burdened households are households that may feel a significant financial strain (or burden) as a result of...

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