A recent study conducted by the Kansas City Star reported on the living wage in Missouri, specifically focusing on how much income is needed to afford basic necessities by the year 2025. The study found that many residents of Missouri are struggling to make ends meet, with wages falling short of what is needed to cover essentials such as housing, food, transportation, and healthcare.
According to the study, the average household in Missouri would need to earn at least $60,000 annually in order to afford these basic necessities by 2025. However, current wages in the state fall far below this threshold, leaving many individuals and families struggling to make ends meet. The study also highlighted the disparities in income levels across different regions of Missouri, with some areas experiencing higher costs of living than others.
As the cost of living continues to rise, it is becoming increasingly difficult for Missourians to make a living wage. The study serves as a wake-up call for policymakers and employers to address these issues and work towards ensuring that all residents have access to fair wages that allow them to afford basic necessities. It is essential for the state to prioritize economic policies that support working families and help them achieve financial stability in the years to come.
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