Title: Profile of Renters During 2002-2012
Wednesday, November 15th, 2017
About 20 million low-income families are living in poverty, and most of these families are renters. An increase in foreclosures changed many homeowners into renters after the 2008 financial crisis (Mayer, Pence, & Sherlund, 2009). The main objective of this study was to identify a profile of renters in terms of their financial and socio-economic characteristics during the 2002-2012 period. The findings of this study would provide professionals with information regarding renters' characteristics. Understanding factors associated with being a renter before and after the Great Recession can provide insights for financial educators, researchers, and policy makers.