Soaring Shelter Spending

The substantial and rapid increase in the price of housing, whether rented or purchased, has significant implications for millions of households. Wages have been trending upward of late, but with increases in the cost of many items even as overall inflation moderates, many people continue to struggle. The spike in home and apartment prices, which represent the largest expenditure category for most families, is posing difficulties throughout the country. Let's take a brief look.

• Tags:
• inflation,
• affordability,
• housing