Millions spend 50% of income on housing

Nearly 15 percent of U.S. homeowners who had a mortgage on their home in 2007 spent at least half of their income on housing costs, according to an Associated Press report today.

The data, released by the U.S. Census Bureau, found that the number of homeowners included in this category -- some 7.5 million -- is up from 7.1 million in 2006.

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