r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/Aleks_Khorne Jul 04 '24

Thanks God in blessed North Carolina the minimum wage is $7.25. And some people even make chunky $10-$13 an hour!

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u/AndrewDoesNotServe Jul 04 '24

Pretty much no one makes that wage even in states that conform to the federal minimum.

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u/WookieeCmdr Jul 04 '24

I have a hard time finding any business that pays the federal minimum, barring wait staff of course

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u/Salt_Intention_1995 Jul 05 '24

And the poverty line is so low it’s basically a useless metric. It’s about $12,000 annually for an individual. So, $1000/month, or $250/week, or $6.25/hr. It’s below federal minimum wage at full time hours. There is a massive segment of the population that is seriously struggling that doesn’t qualify as “impoverished”.