Part time employment?

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Sur­viv­ing on min­i­mum wage used to be a dif­fi­cult process how­ev­er it is get­ting even more dif­fi­cult.

 When you add up the cost of just liv­ing not to men­tion try­ing to sur­vive, the first ques­tion is how can it be done at all.

If you are lucky enough to get a job and keep it, you are like­ly to find that try­ing to just sur­vive can be an almost impos­si­ble task.

 The aver­age week­ly hours a full time employ­ee worked was in the past about 40 to 45 hours this has changed it is now between 28 to 32 hours mean­ing that now those of the pop­u­la­tion that were unfor­tu­nate enough to be work­ing and try­ing to sur­vive in a mar­ket­place where every­thing is more expen­sive are in a sit­u­a­tion where they can­not eas­i­ly pro­vide food and shel­ter.

 Sure there are some things you can do to try to help you and your fam­i­ly but those things are not much help in a world where the cost of feed­ing your fam­i­ly has tripled over the last five years.

Sim­ply stat­ed what used to cost one dol­lar five years ago now is aver­ag­ing almost three times as much, what this means is that con­sumers are hav­ing to make poor choic­es in food and that means the same old thing it did in the past.

So real­ly no mat­ter how much you make these days your mon­ey does not go as far and with a reduc­tion in the num­ber of hours that most of these pro­vide it restricts these effect­ed fam­i­lies even more.

What is caus­ing all these prob­lems?

There are a lot of things in play when con­sid­er­ing what cre­ates a poor eco­nom­ic out­come for those that are bare­ly sur­viv­ing on 28 hours a week but the most inten­sive issue is infla­tion.

The cost of sur­viv­ing in this econ­o­my has risen at a high rate, food, hous­ing, trans­porta­tion, insur­ance if you have a car and can afford the pay­ments. 

When you add it all up it just does not add up to a sit­u­a­tion that can be man­aged.

Lets do some math, 28 hours at $7.25 an hour comes to about $203.00 per week.

That is before taxes…

gross pay $374.77
fed­er­al income tax $-18.47
social secu­ri­ty tax $23.24
medicare tax $5.43
state income tax $0.00
city income tax $0.00
deduc­tions $230.77
final pay check $133.80

How long do you think you could sur­vive on this amount of mon­ey…

 


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