Biden is breaking records on every front, it’s just the wrong kind
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I used to do close to that ($2000/month) along with my bf until we improved our finances and bought our house.
How can people afford that? They can't. Rent is the only thing they can afford - they can't afford to travel, meet like-minded people, buy guns, ammunition, or securities for their future (nevermind have a kid). They're so emotionally and physically drained from the grind that they can't educate themselves or spend time on their creative passions.
I remember those days. Travel 90 minutes to work in the morning, work late, take the bus 90 minutes back home, make a depressing meal, zone out on reddit for a few hours, sleep, repeat.
If I wanted a populace easy to manipulate and control, I'd keep them so close to the poverty line as possible.