Secure Da Bag
Veteran
A living wage is a wage that allows one to live above the federal poverty line but I think this article might do a better job of explaining it, How Much Do You Need to Live in America? .
These seem to be slightly conflicting paragraphs.
A living wage isn't enough to improve one's quality of life or protect against emergencies. For example, workers won't earn enough to eat at restaurants, save for a rainy day, or pay for education loans. It doesn't include medical, auto, or renters/homeowners insurance. In other words, it's enough to keep you out of a homeless shelter, but you'd still have to live paycheck-to-paycheck. If you can't afford insurance, and you get sick, you could still wind up homeless.
Living Wage Calculators
A living wage calculator shows the hourly rate needed to pay for typical basic costs in a given location. These costs are food, health care, rent, transportation, child care, and taxes. The cost estimates are taken from government and non-profit surveys of such costs.
If you have a car, you're required to have insurance. If medical costs are supposed to be included, then why wouldn't medical insurance?
@Hood Critic thanks for the link.
Last edited: