Close to half of Americans can’t afford a one-bedroom rental: report
“Home is where the rent’s affordable which, for many Americans, is an increasingly thin portion of the housing market.
New data from the National Low Income Housing Coalition has revealed the depressing reality that close to half of the American workforce does not make enough money to rent a one-bedroom apartment.
The situation has been made significantly worse by the COVID-19 pandemic, during which US rents rose while many Americans fell behind on rent payments.
The problem is a huge threat to national happiness and well-being, researchers believe.
‘The kind of tight budgets that especially low-income renters face when they’re cost-burdened can lead to serious harms,’ National Low Income Housing Coalition research analyst Daniel Threet told the Guardian.”