Soaring Costs Force Some Renters To Choose Between Shelter And Food

NEW YORK -- Around 10 million American households -- or one in every four families that rent their homes -- could have to choose between paying rent, buying groceries or keeping current with bills, according to a report released Tuesday.

The number of households spending more than 50 percent of their income on rent and bills jumped by 2.6 million over the last decade, according to a Harvard Joint Center for Housing Studies report. Economists generally consider "affordable" rent to cost about 30 percent of a tenant's income.