Piper McGowin – May 30, 2016
While the cost of living has continued to climb since the housing bubble popped, wages have not kept pace. People are not earning more, they’re just paying more. For everything.
Case in point: a new report from the National Low Income Housing Coalition shows that no one who works a full-time minimum wage job in any state in this country could reasonably afford to pay their rent when set at the “affordable” level of 30% of one’s income.