There Are Simply Not Enough Places For Low-Income Americans To Live
“If you care about rising income inequality, you should care about housing affordability. What people pay in rent as a percentage of their incomes has a lot to do with whether they can invest in other parts of their lives, including education and training that allows them to move up the economic ladder. The bad news: housing is becoming generally less affordable for low-earners. About 15 million American households are expected to be forced to spend at least half their income on rent by 2025.”