So… You Want to be a Millionaire. How can someone live on minimum wage?????

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Presentation transcript:

So… You Want to be a Millionaire

How can someone live on minimum wage?????

The federal government sets the standard for what income a person should be able to live on, without government assistance.

That income level is called the Poverty Level.

Poverty Level AnnualMonthly Approx. GrossGross No. inGrossGrossHourly HouseIncome IncomeIncome 1$ 8,590$ 716$ 4.13

Poverty Level AnnualMonthly Approx. GrossGross No. inGrossGrossHourly HouseIncome IncomeIncome 1$ 8,590$ 716$ $ 11,610$ 968$ 5.58

Poverty Level AnnualMonthly Approx. GrossGross No. inGrossGrossHourly HouseIncome IncomeIncome 1$ 8,590$ 716$ $ 11,610$ 968$ $ 14,630$ 1,219$ 7.03

Minimum Wage At minimum wage ($5.15/hour) 40 hours per week, 51 weeks per year, you will earn $ / month.

Minimum Wage $ / month Poverty Level $ / month Your budget was about $ 160 / month more than the poverty level.

Where is Yellowstone County?

Where is Yellowstone County?

Yellowstone County Approximately 15,000 people in Yellowstone County live below the poverty level.

There are students at Will James that live below the poverty level.

There may be students in this class that live below the poverty level.

Please think about all that we have,

Please think about all that we have, especially the people in our lives.

It is not the things we have that makes us a better person.

It is the things we do.

Have a wonderful Holiday Break. From, Mrs. Horst and Mr. Riehl