Well, not quite

22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent.

Paying anything above the standard 30% threshold is commonly considered a cost burden.

What’s more, 12 million of those renters are severely cost burdened, which means they are spending more than half their income on housing.

We are still below 100% for now, for most people, but it will get worse