Affordable Housing in the U.S. is a Myth?
From the Washington Post:
While rents have been rising, wages have stagnated, making affordable housing an increasingly scarce commodity. The National Low Income Housing Coalition, an advocacy group, calculated how many hours of work at the minimum wage would be required to afford a two-bedroom unit at Fair Market Rent—the government’s measure for the monthly cost of a “modest, non luxury rental unit” in a specific area, plus utilities. In no state was a 40-hour work week enough.
Read more and see the National Low-Income Housing Coalition’s chart here.