A rise in consumer cost of living suggests Americans may be earning less than they were a year ago, but spending more on housing. The Department of Labor found that consumer prices climbed 2.9 percent in July – the fastest rate in 10 years – and most of this increase was reflected in higher housing costs.1
One new report asserts the median rent nationwide is now $1,445.2
For middle-class Americans living predominately paycheck to paycheck, that’s not good – considering that the cost of housing generally takes the biggest chunk out of a household budget.
If you’re feeling the pinch of too-high housing costs, here’s what to do: