Gap Between Wages and Rents Continues to Grow


 
Author: Walter Kurtz
Location: Tokyo
Date: 2014-10-23

Here is a quick follow-up to the discussion on the looming rental crisis in the US. The gap in growth rates of rental costs vs. wages continues to widen. This divergence is creating a drag on the GDP growth by suppressing household formation, consumer spending, and labor mobility. Over time this trend will also increase homelessness.




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