I was doing some research on housing to income ratios, and my findings were rather depressing.
Let's take minimum wage for example. Just how out-of-sync is it when concerned with what it takes to live? Okay, if an employer doesn't pay more than minimum wage, and that's all a person can get, and that minimum wage is $7.67 an hour (It differs from state to state, but that's what it is in Florida) and full-time employment is 40 hours a week, and you don't get paid for 5 of those hours since you often have to clock out for lunch, that means a minimum wage worker only makes 1,073.00 or so BEFORE taxes are taken out, and after they are taken and social security and all of that other stuff is taken out (Around 17%) the take-home pay for that worker would be around 891 dollars.
Well, the average rent price in the U.S. for an apartment? (And this isn't even a higher mortage, but just rent for an apartment) $865. So, this leaves a minimum wage worker with only less than 30 bucks left if that's what they made and paid for rent. Kind of impossible to pay for power, water, food, clothing, any kind of entertainment (Net, tv, etc.) with that kind of money, don't you think?
This is why, in this country, if you don't have more than one person in the household working, unless that one person has a tremendously good job, then you're just not going to make it.
This is also why, when kids are raised in this country, due to the stagnant wages and the high rent and housing prices, why they're becoming even more and more unruly as well as materialistic. Why? No parents around to raise them and, instead, the kids are being raised by the Internet, their friends, and the television. Is the television or net going to teach them morals or how to act responsibly? Not likely. Is the television or the net going to throw things in their faces non-stop that will make them constantly want to buy things? YES.
So, in my opinion, by not being raised by at least ONE parent (Doesn't matter if it's the woman or man in my opinion) due to both parents always having to work, or with the high divorce rate one HAVING to work and no one being left to raise the child, this is seriously...I mean seriously...messing up the youth of today, and it's only going to get worse.
Sure, exceptions exist, and every now and then you will find a well-behaved child who never saw their parents but a few hours a night who grows up into a well-mannered, well-behaved, good-choices-based adult. But how rare is that nowadays? Very rare from all that I've seen.
So, yeah....I don't see things turning out very well in the long run if this stuff keeps up. I once did some historical pricing on rent-to-income ratios and they used to be MUCH more in line. Now, they're completely whacked. The results of that are going to change this society for the worse. That's my prediction.
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