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55k sounds really low for a family income. Is that per person?
Got some news for you…. That’s family.
Probably worse than you think. In 1971, the family income was more often than not achieved by one person working. Now it's usually two.
Federal minimum wage is $15,080 assuming you work 40 hours a week and never get sick or take time off.
$55,000 is two people working $13.22 or a single person working $26.44
231 comments