Rent burden and the Great Recession in the USA

Gregg Colburn, Ryan P Allen

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

In the aftermath of the recent recession, the percentage of households facing rent burden in the USA reached historically high levels, while cost burden for owners has shrunk. This study uses two panels from the Survey of Income and Program Participation (SIPP) to compare the prevalence, distribution and household responses to the phenomenon of rent burden in the USA in the years immediately before and after the Great Recession. Results suggest that rent burden has become more prevalent after the recession and that income, household composition and location are major drivers of this phenomenon, both before and after the recession. Results also indicate that exiting rent burden was more difficult in the years after the recession and that an increasingly common coping mechanism for rent burdened households is to increase their household sizes. These results indicate that renters have experienced increased financial stress related to their housing. This finding is notable given the lack of policy responses that address hardship among renter households in contrast to the privileged status enjoyed by homeowners in the policy domain.

Original languageEnglish (US)
Pages (from-to)226-243
Number of pages18
JournalUrban Studies
Volume55
Issue number1
DOIs
StatePublished - Jan 1 2018

Keywords

  • housing market
  • housing policy
  • recession
  • rent burden
  • rental market

Fingerprint Dive into the research topics of 'Rent burden and the Great Recession in the USA'. Together they form a unique fingerprint.

  • Cite this