The costs of being poor are high and have only gotten higher over time. A recent report from Pew illustrates the significance of these costs and the impact on the poorest in our community. Using this data, The Washington Post published an article zeroing in on housing and transportation related costs.
- Since 1996, housing costs for the poorest Americans have risen by nearly 50%
- Many poor renters spend 50% or more of their income on rent
- Transportation costs have also risen significantly
- Since 1996, the amount of income left after expenses has gone from a positive of $1,400 to a negative of $2,300
Read the full article here.