MORE REASONS TO SUPPORT THE MINIMUM WAGE

 

The cost of securing a safe and decent yet modest standard of living is close to twice the official poverty line for working families in Ohio’s rural areas, and between two and three times the poverty thresholds in urban areas.  Using 2004 data, the Economic Policy Institute’s Sylvia Allegretto calculated the cost of seven basic budget items in 439 communities for working families with small children. She found that in Ohio, 22.3 percent of the families studied did not earn enough to cover the cost of their basic family budget.  Current poverty measures do not begin to address the economic challenges facing working parents struggling to make ends meet; unexpected events like illness or job loss can expose such families to serious or critical economic hardships.

“Making Ends Meet: Basic Family Budgets in Ohio” is a new report by Policy Matters Ohio which provides the details of Allegretto’s study for Ohio.  The report, and the spreadsheets for basic family budgets, by family size, configuration, and residence in Ohio in 2004, may be found at
http://www.policymattersohio.org/making_ends_meet_2006.htm.