Monday, May 04, 2009
PUBLISHED APRIL 22, 2009 @ 09:20P
An individual working full-time at minimum wage cannot afford the average cost of a one-bedroom apartment in any state in the U.S., according to a new study. Now more than ever, low-wage workers are facing significant barriers to making ends meet, and the lack of affordable housing just complicates matters. This explains why most low-income families are one paycheck, one sickness, or one personal tragedy away from missing a rent or mortgage payment and becoming homeless.
The report, entitled "Out of Reach", was released last week by the National Low Income Housing Coalition (NLIHC). The report, in all of its detail, makes two notable observations.