Could you survive on the new minimum wage? | National | Indy Week

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Could you survive on the new minimum wage?

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Last month, the federal minimum wage increased from $5.85 to $6.55 an hour. This graphic illustrates how a single parent with two children in the Triangle could survive—or not—on this wage. Monthly expenses are roughly $960, $100 less than the take-home pay. The numbers assume the parent works full-time, receives Medicaid and food stamps. Expenses include car insurance, gas, food items not covered by stamps, utilities such as a landline phone and cell phone.

Click for larger image: JPG (283 KB), PDF (153 KB)

Sources: N.C. Dept. of Health and Human Services, N.C. Dept. of Child Development, local housing authorities, U.S. Dept. of Labor.

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