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US Rent Crisis: 75% of Low-Income Households Struggle to Make Ends Meet

(photo: NC Newsline)

The US is experiencing a severe affordability crisis with many low-income renters struggling to pay rent.

Rent Crisis Reaches Crisis Point: Low-Income Renters Feeling the Pinch

The US is facing a severe affordability crisis with many households struggling to pay rent despite having decent incomes. A staggering number of states are unable to provide adequate affordable housing options leaving low-income renters in a precarious position, according to the report of Go Banking Rates.

Washington D.C. Faces Severe Shortage

Washington D.C. is particularly hard hit with only 33 affordable homes available for every 100 extremely low-income renters. This means that a whopping 75% of households are struggling to make ends meet with severe cost burdens taking a toll on their daily lives.

READ ALSO: Missing 41-Year-Old Chicago Woman In Bahamas: Police Expand Search Effort Across 1,500+ Feet Of Ocean Terrain – Where Did She Go?

(photo: Architectural Record)

Other States Feel the Strain

Colorado, Indiana, Virginia, California, Georgia, Oregon, Arizona, Texas, and Florida are also feeling the pressure of providing affordable housing options. With a limited supply of affordable homes many households are forced to pay exorbitant amounts on housing costs leading to financial strain and stress.

Devastating Consequences

The impact of unaffordable rentals is far-reaching and devastating with increased stress, anxiety, and even homelessness plaguing many households. To address this crisis, governments and policymakers must take immediate action by increasing funding for affordable housing initiatives and providing relief to those struggling to make ends meet.

READ ALSO: $18,000 Of Philly Joy Bank’s Guaranteed Income Program Lowers Infant Mortality Rate 8.1% In High-Risk Philadelphia Neighborhoods

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