In cities like New York, households often face considerable rental burdens and high costs of living. How much of your income should you set aside for rent? With the cost of housing on the rise, researchers are reexamining the 30-percent rule of thumb for measuring rental burden.
Hoover became the scapegoat for the Depression and was badly defeated in 1932. In the 1930's he became a powerful critic of the New Deal, warning against tendencies toward statism. In 1947 President Truman appointed Hoover to a commission, which elected him chairman, to reorganize the Executive Departments. He was appointed chairman of a similar commission by President Eisenhower in 1953.
After that, Hoover thought he had more money than he and his family needed. He decided to use his great administrative skills for the rest of his working life in government service and private charity. During World War I, Hoover ran the official U.S. relief agency helping the suffering people in Belgium.resident Hoover Faces the Depression Unfortunately, Hoover did not end poverty in the U.S.A. as he predicted. In fact, he had to face the worst Depression in American history. The stock market crashed on October 29, 1929, seven months after Hoover became president.