Older, wealthier Americans are the new renters

There has been a huge surge in the share of higher-income Americans who are renting.

Older, wealthier Americans are the new renters from CNBC.

  • The number of higher-income rental households has doubled in the last decade.
  • High-income households drove nearly 30 percent of rental growth over the last decade.
  • Today’s older Americans want flexibility to follow their children and grandchildren.