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Thu May 19, 2011
Two minimum wage incomes needed to purchase a home
A Michigan family needs two people working full-time at minimum wage in order to afford a modest home. That’s according to a report by the National Low Income Housing Coalition. The report says, the cost of housing has risen 27% in Michigan over 11 years, but wages have not increased.
Danilo Pelletiere is with the housing coalition. He says the gap between housing prices and wages has become a problem in the state.
“What this really makes the case is that our policies in this country are such that even with two minimum wage jobs, often times the housing in our community is out of reach.”
Pelletiere says that gap in income and housing prices means households do not have a lot of money left over.
Emily Fox- Michigan Radio Newsroom