Rental rates are rising to record highs across the U.S. and according to the latest research from industry experts, wages and salaries are not keeping up.
, said more private companies and policymakers must pay attention and work to change the trend.
“It’s an entirely different situation when folks are not able to comfortably afford rents, because now we’re looking at an individual or a family not being able to own their home or be able to rent,” Doe said. She suggested there are a few things consumers can do in the meantime if the rent suddenly increases.
First, Doe suggested trying to talk to your landlord. She said it never hurts to explain your situation and see if they can work with you.Expand your search and look for a new, better-paying job. Look for simple ways to cut back on everyday spending, like using your car less to save on gas or finding more ways to save at the grocery store.
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