Rising rents squeeze the middle class

RENT SQUEEZE 2.1By Laura Kusisto | The Wall Street Journal

Rising rents in cities across the nation are hurting the poorest residents, but those who are higher on the income ladder might be bearing the brunt of the pain.

A study set to be released on Monday shows that a far bigger proportion of middle-class renters in New York were squeezed by rising rents than were the lowest-income renters.

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