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What is the minimum wage you can live on Indeed lately has been sought by consumers around us, maybe one of you. People now are accustomed to using the internet in gadgets to view image and video data for inspiration, and according to the title of the post I will talk about about What Is The Minimum Wage You Can Live On.

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21840 total annual necessities.

Minimum wage in california on 2020. You would have to make the same tough choices if you were living in one of the states or cities with the higher minimum wage. Albertas new ndp government has promised to raise the provinces minimum wage to 15 an hour by 2018 a huge increase over the current rate of 1020. In fact the earnings of a minimum wage worker with a family of four fall well below the poverty linewhile many states and some cities have minimum wage rates much higher than 725 minimum wage.

With car payments for new cars averaging above 500 a month minimum wage earners simply cant afford the expense. Also making headlines is the city of san francisco which raised its minimum wage to 1024 in februarythats nearly 3 above the federal minimum of 725 which hasnt risen since 2009. What your budget would look like if president obamas recent proposal to raise the minimum wage to 1010 were enacted.

Repeating the math to illustrate this point will further depress you. A single person with no debts can stretch an income of 1222 a month to cover all the necessities of life but theyll have nothing left over for savings. For someone living on minimum wage it can be a difficult expense to manage.

Can you live on minimum wage. Judging by kais story it looks like it is just barely possible to live on minimum wage in some cases. Suffice it to say that minimum wage is called minimum for a reason.

The raise would give the province the. Perhaps you should consider a state with a higher minimum wage. The cost of transportation is usually the second highest expense in a consumers budget.

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