When Rents Price Out Workers, the Economy Suffers
“Coverage of this crisis typically focuses primarily on how the cost of housing burdens individuals and households, making it difficult for them to save money or pay for health care or other necessities. A new data feature from the Urban Institute’s Christina Stacy, Brady Meixell, and Serena Lei, however, provides yet another reason for everyone, including those who aren’t themselves rent-burdened, to take the housing crisis seriously: In many locations, it’s interfering with the labor market and maybe even economic growth.”