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One economic snag benefit programs face in helping workers

The best-laid plans may go awry because of one single factor that holds true from coast to coast: the high cost of rent.

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for rent sign on building At the current federal minimum wage of $7.25 per hour, a worker would have to work at more than 3 full-time minimum-wage jobs, for a total of almost 127 hours a week, to be able to rent a 2-bedroom apartment and not sink more than 30 percent of their income into it. (Photo: Shutterstock)

Employee financial wellness, health and retirement savings all face a single threat that can derail any or all of them: rent.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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