Hit hard by historic rent inflation, lower-income tenants lost 25% of their post-rent purchasing power from 2019-2023 The median renter saw zero growth in post-rent purchasing power during that period, but the bottom third lost more than 7 percenter per year, according to a new Cleveland Fed report.

#renters #affordabililty

Speaking of #affordabililty and #shrinkflation, just received an email from @theguardian.com stating my annual subscription will incerase $31 from $249 to $280 on March 19, 2026, and digital versions of The Observer newspaper and magazines will no longer be included in the Guardian Editions app.