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How long do you work to pay rent?

Working an 86- Hour Week to Make Rent?! Calendar marked to show rent due

Rental rates are increasing while your pockets seem to continue to decrease, wonder why? According to a recent report by the “National Low Income Housing Coalition”, at the federal mandated minimum wage of $7.25 per house, Americans would have to work an average of 86 hours per week to afford a one-bedroom apartment for the 2015 fair market rent of $806. Yes, you read right that’s 86 hours per week. That is equivalent to working 6am to 10pm every day! Since rental rates also vary by the region/ area that you live, they can even reach that much higher! According to federal standards “affordable” housing should not cost more than 30% of your gross income. With skyrocketing rents urban regions, most people are spending well over 50% or more of their income on rent. How much are you willing to keep overspending in rent?


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