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At least 4 killed in Oklahoma tornado outbreak; 10 shot outside Florida bar; AZ receives millions of dollars for solar investments; Maine prepares young people for climate change-related jobs, activism; Feds: Grocery chain profits soared during and after a pandemic.

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Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

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More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Over Half of CT Renters Overburdened by Housing Costs

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Monday, March 3, 2014   

HARTFORD, Conn. - Affordable housing can be key to helping working families gain and keep financial stability, but for many, the costs of rent and utilities are taking more than their share of the monthly budget. The Center for Enterprise Development analyzed the latest data, which finds 53 percent of renters in the state are cost-burdened. Researchers count someone as cost-burdened when more than 30 percent of household income goes to rent and utilities.

According to Betsy Crum, executive director of the Connecticut Housing Coalition, that's not surprising because, an increasing number of renters are former local homeowners.

"As the foreclosure crisis has kind of worked its way through our economy, some of the people who used to own homes are now becoming renters," she said. "That has really being driving up the rental costs and driving down the vacancy rates."

Crum credited Governor Dannel Malloy with investing a half-billion dollars over the past two years to address the problem, in part by creating and preserving affordable housing.

In the view of Kasey Wiedrich, senior research manager at The Center for Enterprise Development, the high cost of housing doesn't allow families on the edge in Connecticut, and nationwide, to save for emergencies.

"With liquid-asset poverty, we're looking at the rate of households that don't have enough liquid savings - cash in the bank, savings accounts, even retirement accounts that people could fairly easily tap into - so that they could make it for three months at the poverty level if their income went away."

Homeowners in Connecticut are doing a bit better, with just under 39 percent cost-burdened. The group's latest "Assets and Opportunities Scorecard" also shows how Connecticut is faring in areas such as jobs, health care and education.

That scorecard is on the web at AssetsAndOpportunity.org.



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