The bottom 20% in this country continue to get squeezed more and more. I recently wrote about the increasing cost of everything and how some were cutting back in other areas to be able to afford the rent.
No we see, as demonstrated by the attached chart, that rent and food make up over 50% of the bottom 20%’s expenditures.
Expect this trend to continue and be on the lookout for calls for “rent reform.”
h/t: www.economicpolicyjournal.com/