It’s no wonder there’s a retirement crisis, with people on the low end of the pay scale having such trouble saving anything at all for a time that’s decades in the future.
They’re having enough trouble just managing to keep a roof over their heads.
A study from the National Low Income Housing Coalition finds that full-time workers who only make minimum wage can’t afford a two-bedroom rental home in any state in the country—or, for that matter, in the nation’s capital—without spending more than the recommended level of 30 percent of their income.
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