There hasn't been this great a percentage of 18- to 29-year-olds living at home with their parents since the Great Depression. And no wonder: So many today simply cannot afford housing. In fact, it's about 58 percent.
A recent report from Zillow finds that it takes nearly four full-time minimum-wage workers to reasonably afford a two-bedroom rental. This considers the renters are spending a maximum of 30% of household wages on their rent payments.
It doesn't stop there. In cities with a $7.25 an-hour minimum wage, an average of over 3.5 full-time workers are needed to make the typical two-bedroom rental affordable, according to Zillow.
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