An estimated 62 percent of U.S. renter households (about 27 million families) earn less than 80 percent of the area median income. Roughly 73 percent of these households (over 19 million families) spend over 30 percent of their income on rental housing.
The towering housing cost burden is a significant barrier for these families in transitioning out of poverty.
In February, SIA Vice President Massoud Ahmadi presented to a packed auditorium of Arlington County citizens on the present and future states of the county’s economic development. Massoud told citizens that future economic growth in Arlington requires the diversification of its economic base. Arlington must take advantage of its competitive advantage in information services and financial activities by helping expand business formation in these sectors.
Recent developments in technology and regulatory environments in Indonesia mean that G2P payments could potentially be delivered using locally-based agents and low-cost payment instruments such as electronic money or branchless banking.