Rapidly rising rents squeeze millions in the middle class

Rent costs have long weighed on lower-income households – now it’s coming for the middle class. Nearly 4 in 10 middle-class renter households are burdened by costs, an NBC News analysis of Census Bureau data found. That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%.

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