Look around and you will find that the affordable workforce housing issues bother everyone. In case, you wish to delve deep into this matter, you must focus on a few relevant figures and essentials says Maxwell Drever. The affordable housing crisis is making the majority of Americans spend excess money than what they can afford on housing. According to latest research, the majority of people in America spend over 30% of their income to pay house rents.
There’s more to this! About 10 million American households end up spending more than 50% of their income to cover house rents. And several poor renter households manage a yearly income that is much less than $15,000 and spends above 50% of the earnings on housing costs. It also impacts their quality of life and negatively impacts the global economy.
The pandemic aggravated the affordable workforce housing issue
According to Maxwell Drever, every person needs shelter. It highlights that families with a reduced income need to limit the expenditure in health care, food, clothing, and other essential life needs. Most of the families end up spending more than their capacity. Hence, they don’t have enough means to spend on various important goods and services. Also, the rising house costs compel most families to fail to pay their rents and mortgage payments, that in turn increases the cause of homelessness in the United States.
Owing to the sudden pandemic outbreak, affordable housing has become the primary concern. The reason is because on one hand most people should have stayed at home to stay secure from the deadly virus. But the truth is, most people didn’t have a house to stay. The lack of proper homes made the Americans become vulnerable to Covid. Till date, there are people who are witnessing the housing problem and require a shelter to have a proper life.
Everyone is concerned about the low-cost workforce housing problem
The current crisis of low-cost workforce housing impacts the economy in many ways. It’s obvious that it will have a global impact as well. Homelessness invariably results in health concerns and it doesn’t allow people to lead a good quality life, which in turn makes them vulnerable to several ailments and viruses. People who belong to this bracket fail to pay for their crucial services and has to live a life of compromised quality. Poor job and reduced work productivity is a part of it.
When this section of people searches for a housing facility, they end up going to the suburbs and rural areas. That results in another problem. The time to commute in their workplace goes place. Additionally, they also have to face increased traffic, that results in crucial work time.
Today, people like Maxwell Drever believe that the problem of affordable low-cost housing affects people who belong to low-income groups. Also, it is tremendously affecting people who come within the income range of $30,000 and $70,000 annually. People in this income bracket should possess a decent abode to reside. If not, the employers will lose out on essential workers. Also, when this group of people has access to a decent housing that they can pay for, it results in economic and social upliftment, which benefits the world.