The Greatest Burden Is On The Poor And Working Class

by sublimeinslime

US rents rose by an average of 7.8 percent in September, meaning they are still a whopping 25 percent up since before the pandemic. Wages have failed to keep pace, meaning that renters are ‘feeling the squeeze’ – despite the fact the new figure shows that price rises are actually starting to slow

US rents rose by an average of 7.8 percent in September, meaning they are still a whopping 25 percent up since before the pandemic.

Wages have failed to keep pace, meaning that renters are ‘feeling the squeeze’ – despite the fact the new figure shows that price rises are actually starting to slow month-on-month.

Cincinnati saw the biggest rise in rent prices at an increase of 26 percent, whereas renters in Milwaukee paid on average 15 percent less in rent last month.

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