Don’t kill me if this research is incorrect but I was curious so I looked up average rent prices from 1989 and today. I found around $350 for 1989 and $2700 for today. Using your figures above the minimum wage employee would spend about 21.8% of their yearly
Income on rent compared to 103.8% of their annual income in 2023.
chance_008 t1_j9mn532 wrote
Reply to comment by fegan104 in Salaries, 1989 by CoolAbdul
Don’t kill me if this research is incorrect but I was curious so I looked up average rent prices from 1989 and today. I found around $350 for 1989 and $2700 for today. Using your figures above the minimum wage employee would spend about 21.8% of their yearly Income on rent compared to 103.8% of their annual income in 2023.