> This study assumes you must spend less than 30% of your income on housing
I'm not saying the study is good, but the lower the wage, the smaller the percentage of income remaining to spend on rent, because of basic cost of living, after a certain threshold all flexibility with income dissappears and cost of living dictates rent.
For high earners the cost of living is a small dent against their income, so percentage of income to spend on renting is a desicion about savings - this is not true of the lowest earners, it's a choice of eating.
I'm not saying the study is good, but the lower the wage, the smaller the percentage of income remaining to spend on rent, because of basic cost of living, after a certain threshold all flexibility with income dissappears and cost of living dictates rent.
For high earners the cost of living is a small dent against their income, so percentage of income to spend on renting is a desicion about savings - this is not true of the lowest earners, it's a choice of eating.