When Even Affordable Housing is Out of Reach

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From the Washington Post
In Oregon, a minimum-wage worker must work 71 hours at minimum wage to afford a “modest, non-luxury, 2 bedroom rental unit.” Remember how we talked about the poverty line last year?

In 2006, Forbes said that the poorest 20% of Americans spend almost 40% of their income on housing. At almost two weeks of work just to afford basic shelter, how can folks afford the rest of their expenses, let alone savings for college or retirement? It’s time to raise the minimum wage, and readjust our expectations of what “poverty” looks like.

 

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