Called the “invisible tax” because it allows government agencies to print money, soaring inflation has crippled renter household budgets for years. The rate of increase is beginning to slow but residents have yet to find financial relief. After accounting for inflation, hourly wages have barely budged since 2020. Well over half of working Americans say their income has lagged inflation over the past 12 months as the level of misery rises with inflation. -10% drop in job-satisfaction in just the last year alone—the lowest drop since early 202034% of workers dread starting their workday—an 11-point rise since 2020.

Source: Wall Street Journal January 08, 2024 13:43 UTC