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. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.
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