By Kathryn Vasel | CNN Money
More Americans are struggling to make rent.
The number of renters dedicating at least half of their income toward housing hit a record high of 11 million people in 2014, according to the annual State of the Nation’s Housing Report from the Joint Center for Housing Studies of Harvard University.
A total of 21.3 million are spending 30% or more of their paycheck to cover the rent — also a record high.
Personal finance experts generally suggest budgeting around 30% of monthly income to cover housing costs.
