A new survey is detailing how rising rental housing costs is contributing to displacement and debt across the country.
The survey, which polled nearly 3,500 National Debt Relief clients, found 31% of respondents admitting they had to move during the past two years, with nearly 70% of that statistic stating their decision was driven—at least in part—by rising rent.
The survey also found 75% of respondents stating the rising cost of housing played a role in accumulating the debt that led them to seek help from National Debt Relief, with 79% acknowledging the rising cost of housing is affecting their personal life, and 55% their work life.
“Renters are especially vulnerable; many are being forced to choose between affordability and stability,” said Cathleen Bell, vice president of customer research and insights at National Debt Relief. “Housing is no longer just a cost—it’s a major driver of debt.”
