poor Australian shareholders. dividends & profits are simply not high enough - vote Liberal to reduce wages, now!
Families With Kids Go Homeless as U.S. Rents Exceed Pay: Economy
By Jeanna Smialek - Oct 19, 2013 12:07 AM GMT+1000
When Montoria Freeland separated from her husband of 15 years in 2008, she left a four-bedroom house and economic security. Before long, her pay and hours as a pharmacy technician were cut and she found herself and her son facing homelessness.
Freeland lived with family for a time, she said, and four months ago moved into transitional housing funded by the city government in Washington, D.C., while searching for work that pays more than her $8.25-an-hour retail job.
Nationally, the average hourly wage among renters is $14.32 this year compared with the $18.79 needed to afford an apartment at a fair-market rent, as defined by the U.S. Department of Housing and Urban Development, without spending more than 30 percent of income on housing, a National Low Income Housing Coalition report found in March. The $4.47 gap this year is wider than the $4.10 differential in 2012.
http://www.bloomberg.com/news/2013-10-18/families-with-kids-go-homeless-as-u-s-rents-exceed-pay-economy.html
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