National study finds coronavirus pandemic worsens housing crisis

National study finds coronavirus pandemic worsens housing crisis

The coronavirus pandemic has worsened the housing crisis in the US, according to a national study released on Tuesday. The study, “Out of Reach”, examined the intersection of housing and income across the United States of America since 1989. According to the study, an Illinois worker must have to earn $44310 to afford the rent for a two-bedroom apartment.

The recommended amount to be spent by a family on housing is no more than 30% of its income. It means that an Illinois worker must have to spend $1108 a month on housing. According to the recent stats, almost a third of Illinoisans are renters. They have to work at the rate of $21.30 per hour over a 40-hour week to afford the fair market rent in Illinois.

Two years ago, an Illinois worker has to $20.34 an hour to afford the rent for a two-bedroom apartment. The study warned, “There is no place in Illinois where a minimum-wage worker can afford a two-bedroom apartment.” The minimum wage in Illinois rose to $10 an hour this month. The state’s minimum wage was $8.25 two years ago. According to the predictions, the minimum wage in Illinois will be $15 an hour in 2025. However, it will, still, not be able to allow the workers to afford a two-bedroom apartment.

The COVID-19 pandemic has worsened the situation due to the economic fallouts. Sharon Legenza, the executive director of Housing Action Illinois, said in a statement, “Even before the pandemic, far too many families in Illinois were making impossible decisions between paying rent and basic necessities like food and medicine.” Legenza added that the Illinoisans were in a tougher situation due to the health crisis.

The study stated that an Illinois worker must have to work 72 hours a week at the state minimum wage to afford a one-bedroom apartment. It must have to work 85 hours a week at the minimum wage to afford a two-bedroom apartment. Bob Palmer, the policy director of Housing Action Illinois, said, “Congress needs to act during July to keep people from losing their homes.”

Related Posts
Study finds paying rent is issue of millions of Americans
The numbers associated with the coronavirus pandemic are alarming in the United States. It is
Thousands struggle to pay rent amid coronavirus
Todays the first of the month, and everyone knows what it means, rent is due.
Chicago gets jobs: Ford adds 450 vacancies to meet the demand
Lincoln Aviator and Ford Explorer are the first choices of most of the SUV lovers.
Homelessness in Chicago: 13000 homeless people had jobs in 2017
A study has revealed that 13000 people had jobs who became homeless in 2017. It
Ford is increasing jobs in Chicago based factories by investing $1 billion
Ford is planning to increase worth up to $1 billion. This adds more job opportunities
All UIS students who plan to be on campus for fall semester 2021 will be required to receive a COVID-19 vaccination
The following message was sent by University of Illinois System President Timothy Killeen to students,
Metra plans service enhancements as ridership returns from pandemic
With ridership steadily increasing from pandemic lows, Metra will be adding service to all of
Illinois colleges push to get students vaccinated before returning to campus
Illinois colleges and universities are pushing for most students to get vaccinated against COVID-19 before
Developers stop construction on 74-story South Michigan tower: COVID-19 given as reason
Developers of the 1000M skyscraper, a 74-story Michigan Ave. condominium, say they have halted construction
Gov. Pritzker announces 6-year, $20.7 billion construction plan
Gov JB Pritzker has announced the release of a $20.7 billion multi-year plan to improve