February 12, 2016 | Number of The Day
Hourly wage required for single adult worker to afford basic needs

As New Jersey — and the nation — debate the need for boosting the minimum wage to $15 an hour, United Way of New Jersey has determined that a single adult needs to earn at least $13.78 — or $28,662 a year — to meet basic needs.

According to the report, even this low wage is not achieved by about 30 percent of New Jerseyans, so it is clear that there is a wide economic disparity among residents.

The same report says that the survival budget for a family of four is $61,200. Sadly, the U.S. poverty rate is pegged at $23,050 for a family of four, far lower than what the actual costs are in New Jersey.