One in three US households—nearly 100 million people—struggle with housing costs that jeopardize their financial security. The problem is acute for virtually all low-income families and for the 1 in 4 renters who spend 50% or more of their income on housing—and its effects ripple throughout our communities and economy.
In 2019, Aspen EPIC recognized rising housing costs and instability as critical threats to the financial security of American families and created a comprehensive research primer on the topic. Drawing on extensive review of the research literature, engagement with more than 100 experts, and analysis of federal survey data, we have prepared a research brief and primer, “Strong Foundations: Financial security starts with affordable, stable housing.”
Housing is the largest household expense for most Americans. EPIC is taking a hard look at housing affordability and stability to understand the meaning, scope, trends, impacts, manifestations, and drivers of these challenges. Affordability and stability (or lack thereof ) are inextricably related and can have compounding effects, so we are addressing them together as interrelated challenges.
For more information on housing insecurity and its threat to financial security in America, download the full report and reach out to our staff.
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Today, more than 1 in 3 US households–nearly 100 million people–struggle with housing costs. #AspenEPIC recognized rising #housing costs and instability as critical threats to the #FinancialSecurity of American families. Find it here: https://buff.ly/2NkT2VV
The harmful effects of #housing unaffordability & instability mean that some households suffer more, especially: low-income, renters, single women, single parents, LGBTQ & disabled populations. Learn more from #AspenEPIC’s new research primer https://buff.ly/2NkT2VV
Nearly 1/3 of #rural renter families have incomes below the #poverty level & lack the financial resources to secure stable housing. Learn more about compromised populations from #AspenEPIC https://buff.ly/2NkT2VV
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Watch our launch event
America's New Housing Crisis: How rising housing costs and instability undermine financial security
The event features an interview between Mayor Quinton Lucas of Kansas City, Missouri, and Stacey Vanek Smith, Co-Host, NPR’s the Indicator from Planet Money and a panel discussion featuring leaders in housing development, healthcare, and public education who are tackling housing challenges in their communities, followed by a networking reception.
EPIC is an initiative of the Aspen Institute's Financial Security Program.