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Judd L on Affordable Housing
The real housing crisis
Nationwide, rising housing costs coupled with stagnant wages has left millions of Americans homeless or on the brink of losing their homes. Today, a full-time worker would need to make more than three times the federal minimum wage – $23.67 – to afford a “modest one-bedroom rental home,” the National Low Income Housing Coalition (NLIHC) found.
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According to the group’s report, “[i]n no state, metropolitan area, or county in the U.S. can a worker earning the federal or prevailing state or local minimum wage afford a modest two-bedroom rental home at fair market rent by working a standard 40-hour work week.”
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