The gap between median home prices and household income in Hawaiʻi? It’s ‘scary’
Based on Honolulu’s median home price of $1,085,800 and median family income of $120,100, the index said a mortgage requires 73 percent of the median paycheck.
Working families need more relief
The statistics about how many of Hawaiʻi’s people struggle look worse with each passing year, so plainly the safety net needs reinforcement.
Hawaiʻi has highest gap between wages, rent required for a 2-bedroom
Hawaiʻi is not only the most expensive state for renters to live in, but also has the greatest gap between average earnings and average fair-market rent.
A living wage will help keep families here
Hawaiʻi trails 11 other states where the minimum wage is higher than ours.
Time to raise minimum wage
$10.10 an hour is not a living wage. $17 an hour is absolutely necessary for hardworking Hawaiʻi families to make ends meet.
Business Report: New figures on Hawaiʻi’s minimum wage
The report finds that low-wage workers spend most of their increased income back into the local economy, supporting businesses and boosting economic activity.
Why are isle residents struggling, income-wise?
Numbers don’t lie, but they sometimes tell tall tales. And often, they leave a lot of people scratching their heads, wondering why the data don’t seem to reflect the same reality they see.
Women majority of elders in poverty, UH finds
Women being less financially secure in old age stems from lifelong pay and opportunity inequalities between the genders.