Even middle-income folks are struggling to pay rent
Marketplace Morning Report

Even middle-income folks are struggling to pay rent

B2Upper-intermediateSeptember 30, 20266 min

We’re almost at the start of a new month. For many, that means it’s time to pay rent. But meeting those monthly payments is becoming increasingly difficult. A new report from the Urban Institute found that one in five working-age renters struggled to pay rent last year, and the share of middle-income renters who are facing these challenges grew by the largest margin. We unpack, but first we discuss what's in the latest inflation reading. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. ...

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And it's getting tougher for more people to pay rent.

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B2 · Upper-intermediate

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  • 169 words a minute: natural, fairly fast speech.
  • 37 harder words (B2 and up) in the whole episode.

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0:00

What's in the latest inflation reading? And it's getting tougher for more people to pay rent. From Marketplace in Washington, I'm Kimberly Adams. It's a busy week in the world of economic data.

0:14

Yesterday, we got the JOLTS report. On Friday, we'll get the JOBS report. But today, the big news is the Personal Consumption Expenditures Price Index, or PCE. It's the Fed's preferred measure of inflation, and it came out earlier this morning.

0:28

To help us dig into it, we're joined by Susan Schmidt, portfolio manager, exchange capital resources. And Susan, we're looking at three-tenths percent increase with PCE. Core PCE rose by two-tenths percent.

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