Thursday, May 1, 2008

Hours work to pay your rent bill - for minimum wage earner


Financial Sense Online Market WrapUp with Chris Puplava 04.30.2008: "What has been even more troubling than the inflation rental rate is how damaging it has been on the minimum wage earner who now has to work over 130 hours just to cover the median monthly rent. This corresponds to 83% of their total income using four forty-hour work weeks per month. After covering the costs for rent, energy, and food, how much is left for anything else? These people are just barely surviving!"

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