Wealth inequality in the U.S. has continued to widen during the pandemic.
More than three quarters of U.S. adults have little to no room to stretch their budget to cope with with rising inflation, according to a recent Forbes Advisor survey of 2,000 people. The reason? Most of their income is being spent on food and housing.More than three quarters of U.S. adults have little to no room to stretch their budget to cope with with rising inflation, according to a recent Forbes Advisor survey of 2,000 people.
Connecticut residents who previously made the minimum wage of $13 an hour will now earn $14 an hour. Oregon workers saw their minimum wage go up to $13.50 an hour. In Nevada, wages increased to $10.50 for workers without health benefits and $9.50 for workers with benefits. “‘Laws that automatically raise the minimum wage with inflation each year ensure that minimum wage workers’ paychecks can still buy at least the same amount of goods and services year after year.’”
In California, the magic number is $6.8 million, and it’s $6.9 million in Hawaii, making them the most difficult states to enter the top 1%. But to be counted among the 1% in Mississippi, it takes just $766,000.
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