> How the New Federal Minimum Wage Will Affect You Get $1000 Now

The Federal Minimum Wage increased on July 24, 2008 to $6.55. This raised the minimum wage by $.70. Approximately 2 million Americans make minimum wage. This results in approximately yet another $5.60 a day, $28 per week and $112 per month for a 5 day work week. An additional increase will occur next year and improve the minimum wage to $7.25 an hour.

Twenty-three states like the District of Columbia have a minimum wage higher as opposed to new federal requirement which affects approximately 60% of American worker and are: Alaska, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Hawaii, Illinois, Iowa, Maine, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, Washington and West Virginia.

The low-income and middle class are greatly affected from the current recession. The minimum wage increase unfortunately is not enough. Many Americans are struggling just to create end meet and also to buy basic necessities and need to use credit cards in order to buy food and gas.

How the New Federal Minimum Wage Will Affect You

The average family is spending approximately $4,655 read more about basic necessities including food, housing and gas. Child care costs have also increased for those with children under age 5 to $1,508 a month and then for after-care with older children to $622 a month.

Food prices rose a much more than 4% from last year. According to Money Magazine the price of prescriptions drugs has increased, pharmacy co-pay prices have increased 25%, the expense of milk has grown by 14%, the price of expenses by 6%, the expense of eggs by 31%, the expense of bread by 14% along with the cost of gas by 21% since last year.

Americans will must find additional approaches to reduce expenses to make their dollar stretch further. If you like to eat steak for dinner substitute it for chicken or fish, beans and rice for dinner or breakfast food for dinner. Fix tuna casserole, or another forms of casseroles, stews or soups for dinner in order to save funds on food costs. You can also shop at wholesale stores, buy items or sale, use coupons, carpool to work, shop at thrift stores or discounts stores such as Costco, Walmart, Ross, Marshalls or J.C. Penny.

Cut expenses in every single area you can. You may have to produce sacrifices to create ends meet nevertheless it is possible. Think of creative ways to avoid wasting money by reusing items, holding a garage sale or bartering services with other people who've businesses. It will have a lot of work and discipline to produce it through these a down economy but if you make it through you know that you're a survivor. Good luck to you.



This website is not only a lender. The operator with this website makes every effort to match you by having an appropriate lender based about the information you provide. However, we can't guarantee that you just will be planning to be matched with a lender. Not all lenders can offer up to $1000 in loan proceeds and approval is NOT GUARANTEED. Not everyone will qualify for any Payday loan. This site offers its referral service free-of-charge to consumers who're looking for online lending options. Rates, fees and terms of the loan are based on each specific lender and Pennsylvania Cash Advance Loans has no any role inside loan application process or approval decision. Not every lender offers one hour transfer times and faxing is oftentimes required. Payday loan aren't available in all states and the states offering these kinds of loans may change at any time, without prior notice. All questions and concerns with relation to your loan should be directed in your lender, not the operator with this website.

0 comments: