It’s no wonder there’s a retirement crisis, with people on the low endof the pay scale having such trouble saving anything at all for atime that’s decades in the future.
They’re having enough trouble just managing to keep a roof overtheir heads.
A study from the National Low Income Housing Coalitionfinds that full-time workers who only make minimum wage can’tafford a two-bedroom rental home in any state in the country—or,for that matter, in the nation’s capital—without spending more thanthe recommended level of 30 percent of their income.
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