Are Low Wages Impacting Latino’s Ability to Afford Housing?
When it comes to paying the bills, housing costs usually make up the largest portion of an individual or family's budget. Worse, too many Americans spend more than financial experts recommend—over 30% of their monthly budget—on housing. In 2017, 36.9 million experienced this problem. This issue places "cost burdens" on those individuals, make it hard for them to afford other necessities, such as transportation, buy healthy food, and build wealth. This is a problem for minority groups especially, especially Latinos who lack access to cost-effective options throughout the country. Affordable housing access should be considered a human right, Congresswoman Ayanna Pressley said in a statement in the National Low Income Housing Coalition's (NLIHC) recent report, "Out of ...
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