Homeless Nation: Half Of Americans Can't Even Afford An Apartment

The New York Post reports that according to a new study, half of Americans can’t even afford an apartment.

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.

In order to afford a one-bedroom rental, the new data reported, workers must earn approximately $20.40 an hour, where the median US wage is only $21 an hour — and the federal minimum wage is only $7.25 an hour.

While it’s true that large, more unaffordable cities impact the data somewhat, researchers found that there is not a single county in America where an individual working full time at a minimum wage job can afford a two-bedroom rental.

The discrepancy in low average incomes and high rents was the leading financial issue people faced during the coronavirus pandemic, researchers wrote. “COVID-19 was an economic catastrophe for many households, disproportionately people of color, precisely because so many already could not afford their homes,” the report stated.

To address the issue, analysts suggest more rental help for those who need it, and more affordable housing, too.

“Addressing the long-term housing affordability crisis in this country requires increasing rental assistance to all who need it, as well as expanding and preserving the affordable housing stock,” they wrote. (source)

Who cares about the rest of the world if you own people can’t put a roof over their heads?

The US spent over $2 trillion dollars for two decades in Afghanistan, and with NOTHING to show for it other than videos of desperate people clinging to airplanes and falling to their deaths trying to escape the hellhole that Afghanistan will return to once the Taliban is back in power.

Meanwhile, the “average Joe” on the street is about ready to be on the street, because the money that could have gone to help him is now being used to help terrorists get bigger and better weapons.

More rental help is only a temporary fix. The real problems are- as have been said for decades before the financial crisis of 2007 and 2008, and what people have been saying after:

-Get rid of the national debt (pay it off or disown it)

-Return to a system of sound money.

But this is not happening. Instead, money is being spent and printed into eternity, given away like drunken sailor at port, while the average American is looking more like a serf than a citizen, and no matter how hard he works, the value of his hard labor is printed away into worthlessness.

It’s Clown World at it’s finest.