Where can I afford to live alone with a minimum wage job? l A Better Question Episode #8

Where can I afford my own place to live while making minimum wage at a full time job? Anywhere?

Can one person, working full time for minimum wage, afford their own, one-bedroom apartment, in any state in America? Is it possible to budget less than 30% of your income for rent like the best financial advice says you should?

We've all heard that no one can afford to rent a two-bedroom place with only one minimum-wage job, but what about a single? This episode explores what it means to make minimum wage in each state and gives a full account for what percent of your income you'll have to spend to live there without a room mate. We find out how many people make up America's low-wage workforce, where that 30% housing expence advice comes from, and whether there was ever a time when someone could support themselves while working any, full-time, job.

A Better Question, elsewhere on the web:
Patreon: https://www.patreon.com/ABetterQuestion
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Twitter - https://twitter.com/ABetterQuestio2

DATA: Not the full excel with formulas, but the working data ( https://docs.google.com/spreadsheets/d/1dgZvX0RjMxft_kHIT1JI1aCvjt0d9_NnjFw1x_D-l28/edit?usp=sharing )

CREDIT: to /u/mintycheesestick for this post ( https://www.reddit.com/r/ABoringDystopia/comments/j9q2mh/seems_about_right/ )

Reference:
https://www.reddit.com/r/ABoringDystopia/comments/j9q2mh/seems_about_right/

https://www.usnews.com/news/best-states/articles/2019-06-20/minimum-wage-workers-still-cant-afford-housing-report-shows

https://www.businessinsider.com/full-time-minimum-wage-workers-cant-afford-rent-anywhere-us-2020-7

https://www.marketwatch.com/story/this-is-exactly-how-much-money-you-need-to-make-to-pay-rent-in-the-biggest-us-cities-2018-07-26

https://fortune.com/2015/08/04/housing-30-percent-rule/

https://usafacts.org/articles/minimum-wage-america-how-many-people-are-earning-725-hour/
https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm

https://usafacts.org/articles/minimum-wage-america-how-many-people-are-earning-725-hour/

https://worldpopulationreview.com/state-rankings/average-rent-by-state

https://www.businessinsider.com/how-much-higher-the-federal-minimum-wage-should-be-2017-12

https://www.businessinsider.com/federal-minimum-wage-workers-map-2018-10

https://www.businessinsider.com/minimum-wage-increase-states-in-2018-2017-12

https://www.dol.gov/agencies/whd/state/minimum-wage/history
https://www.cbsnews.com/news/minimum-wage-2019-almost-half-of-all-americans-work-in-low-wage-jobs/

https://www.apartmentlist.com/research/rent-growth-since-1960

https://www.brookings.edu/blog/the-avenue/2019/11/21/low-wage-work-is-more-pervasive-than-you-think-and-there-arent-enough-good-jobs-to-go-around/

https://www.statista.com/statistics/200223/median-apartment-rent-in-the-us-since-1980/

https://www.businessinsider.com/how-much-higher-the-federal-minimum-wage-should-be-2017-12

https://www.nytimes.com/ask/answers/monthly-budget-rent-income#:~:text=You%20may%20have%20heard%20of,requirements%20called%20the%20Brooke%20Amendment).

https://www.cbsnews.com/news/more-young-adults-live-with-their-parents-now-than-at-any-time-since-the-depression/
If you'd like a copy of the spreadsheet data, feel free to email me at:
bettquest@gmail.com

0:00 Intro
1:17 Definitions
2:58 The Maps
4:12 How Many People
5:44 The 30% Rule
6:33 Life on Minimum Wage
8:11 "Back in MY Day"
10:07 I Ruin Everything

Видео Where can I afford to live alone with a minimum wage job? l A Better Question Episode #8 канала A Better Question