In a report from Consumer Affairs, a survey showed 48% of renters have taken on debt. This includes credit card debt, personal loans and borrowed funds.
TAMPA, Fla. — How much do you pay for rent?
For many in America, including here in Florida, the rising costs of living have taken a toll on their wallets. So much so that people are now reportedly taking on debt to pay their rent
In a report from Consumer Affairs, a survey showed 48% of renters surveyed have taken on debt. This includes credit card debt, personal loans and borrowed funds from family or friends.
The article attributes this to rent increases outpacing wage growth. Between 2019 and 2023, wages increased by just above 20%, whereas rent increased by a little over 30%.
The average 2023 rent overall in the U.S. is a reported $1,958, with the median wage being $48,069.
So, what does that mean for Tampa residents?
A chart explains that Tampa’s median rent …