Serious question for US citizens, I just saw a recent report that rent prices have increased over 50% since 2020 while wages have only increased less than 8%. How can there be any justification for that being okay?
My partner and I do better than most, we bring in roughly 140,000 a year. We both have student loans and normally monthly bills. We rent a house from my parent's as they prepare to downsize and retire. We pay about $1500 a month in rent. I say this because we still feel overwhelmed by our cost of living even though we are in a pretty good spot.