The map picture above shows what a household must earn working 40 hours per week, 52 weeks per year, for a two-bedroom rental unit based on Fair Market Rent, and spending 30% of their income on housing.
Pretty high numbers in some parts of the country.
You can clearly see why so many families need two wage earners and why so many families are struggling to keep their heads above water. But what about single parents families? What about those working for ‘minimum’ wage?
Here’s how many hours a single parent would need to work earning minimum wage:
Some say that if minimum wage was doubled, it could create a major bump in the economy. But when you consider how the wealth of America is distributed, perhaps we could afford to raise minimum wage.
Something has got to change.
Our current model is not sustainable.