The Economic Policy Institute just released an update for their Family Budget Calculator, a measuring tool of economic security across America.
When accounting for geographic differences and basic necessities, such as housing, transportation, child care, and health care, the report concludes there is “nowhere in the country where a minimum-wage worker-even a single adult without children-earns enough to meet the requirements of their local family budget.”
Kansas City and St. Louis families are not immune from the struggle of trying to make ends meet with a low paying job.
In Kansas City, two parents who are raising 2 children need an income of $5,242 a month or almost $63,000 a year to barely get by day to day.
In St. Louis, that same family would need to make $5,258 a month or nearly $63,100 a year.