Rapidly Rising Rents Squeeze Millions in the Middle Class
American Apartment Owners Association
DECEMBER 2, 2024
Rent costs have long weighed on lower-income households — now it’s coming for the middle class. That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019.
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