Recent Housing Report Reveals That Full-Time Minimum Wage Employees Are Unable To Afford Rent Anywhere In The U.S. - The Shade Room

Recent Housing Report Reveals That Full-Time Minimum Wage Employees Are Unable To Afford Rent Anywhere In The U.S.

#Roommates, it seems that the struggles for minimum wage workers continue to get worse, as a new report reveals a very unfortunate reality. According to a new housing report, full-time minimum wage workers are unable to afford rent anywhere in the United States—which is the latest indication that a minimum wage increase is long overdue.

@CNBC reports, the National Low Income Housing Coalition recently released its annual “Out Of Reach” report and the findings for minimum wage workers are eye-opening. The report confirmed that full-time minimum wage employees in the U.S. are not financially able to afford a two-bedroom apartment in any state in the country. The same report also found that in 93% of counties in the United States, full-time minimum wage employees couldn’t afford a one-bedroom apartment either. Those figures further translate to the average worker needing to work almost 97 hours a week to be able to afford proper housing, which is more working hours than that of two full-time jobs.

If you’re wondering how the NLIHC came up with those numbers, their report defines affordability as “the hourly wage a full-time worker must earn to spend no more than 30% of their income on rent,”  which means that in 2021, full-time minimum wage employees need to earn at least $24.90 an hour for a two-bedroom apartment and $20.40 an hour for a one-bedroom. That’s a staggering increase from $23.96 for a two-bedroom and $19.56 for a one-bedroom just last year.  The current minimum wage average is $18.78 per hour, over $6 less of what’s required to be able to afford a two-bedroom apartment.

Additionally, there is also a disturbing racial element to the housing report, as it stated that Black and Latino employees spend more on their rent at over 30%, but make far less than their White counterparts, who only spend 25% of their income on housing.

These new factors are said to have been made worse due to millions of full-time minimum wage workers losing their jobs during the COVID-19 pandemic.


Want tea directly in your text inbox? Hit us up at 917-722-8057 or  click here to join!


Become A Roommate!
Become A Roommate!
TSR Logo

The Latest Tea Sent Daily