In an article published on Thursday, NPR quoted a report by the Joint Center for Housing Studies of Harvard University about the dire situation affecting people all over the country.
The center’s report found that in 2022, “as rents spiked during the COVID-19 pandemic, a record half of U.S. renters paid more than 30% of their income for rent and utilities. Nearly half of those people were severely cost-burdened, paying more than 50% of their income,” the NPR article continued:
Whitney Airgood-Obrycki is a senior researcher at the Center and the lead author of the report.
Since 2019, the largest increase in affordability was among households earning $30,000-$74,999 per year. Rent was still unaffordable for a third time, even among full-time workers.
A report published in July found that the surge of illegal and legal migrants has increased the costs Americans pay for a roof above their heads.
Since January 2021, it is important to remember that President Joe Biden admitted approximately eight million migrants in the United States. This represents about one migrant per every American born during this period.
The outlet reported that in 2022, Rep. Alexandria Ocasio-Cortez, (D-NY), welcomed more economic migrants to her district. Residents are required to earn about $50 per hour to pay rent on a two-bedroom flat.
In Biden’s economic system, the cost of housing is still a problem. However, many people also have difficulty putting food on their table.
The Department of Labor reported that households were facing a second consecutive month of budgetary difficulties due to rising food prices in September.
The outlet reported that “Food prices are on an almost constant rise since Biden’s election, with food inflation now a permanent feature of the American economic system after nearly a decade where prices were mostly stable.” Prices for groceries were up every month, except for three months during Biden’s tenure.