The Impact of High Rental Costs on American Families
TL;DR Summary
Rent prices in the United States have surged, leading to Americans allocating a larger portion of their income towards housing expenses and leaving less for other necessities. While rents are showing a slight decrease, the significant increases in recent years due to the pandemic and inflation have impacted people across income levels. Experts suggest it will take time for the market to stabilize, and the reasons behind the soaring rent prices are being examined.
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- Why are rents and home costs so high, and what can be done? | Opinion Deseret News
- 'Money Is So Tight That We Will All Go Out As A Family And Do DoorDash Together' — Half Of All Renters Are Spending More Than 30% Of Their Income On Housing Yahoo Finance
- Report: Blacks, Latinos hit hardest by high rental costs Florida Courier
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