Inflation-adjusted rents have risen 64% since 1960, but incomes are only up 18% in the same time period
By Laura Kusisto | The Wall Street Journal
It’s not just your imagination. It is a lot harder to afford an apartment today than it was for your parents’ generation.
Sharp increases in rents along with stagnant incomes over the past five years have helped create a dire situation for many of the country’s renters. A new report shows how those trends have actually been playing out for more than five decades.
