Wednesday, February 14, 2024

๐Ÿ’ต IMSPARK: Adequate Standard of Living ๐Ÿ’ต

  ๐Ÿ’ต  Imagine... an adequate standard of living ๐Ÿ’ต

๐Ÿ’ก Imagined Endstate: 

A Pacific where we can earn enough income to cover the costs of necessities such as housing, food, health care, child care, and transportation in different parts of the region, and where we can enjoy a decent quality of life without struggling to make ends meet.

๐Ÿ”—Link:

Ref Here

๐Ÿ“šSource: 

Gould, E., Mokhiber, Z., & deCourcy, K. (2020). What constitutes a living wage?: A guide to using EPI’s Family Budget Calculator. Economic Policy Institute.

๐Ÿ’ฅ What’s the Big Deal:  

The tool known as the Family Budget Calculator is designed to determine the amount of income a family requires to achieve a reasonable and satisfactory quality of life in different parts of the country. ๐Ÿ  It estimates the costs of housing, food, health care, child care, and transportation for ten family types in all counties and metro areas in the United States. ๐Ÿฝ️ The calculator provides a more accurate and complete measure of economic security than the federal poverty line or the Supplemental Poverty Measure.๐Ÿ“It can be used by policymakers, advocates, and employers to set meaningful living wage standards for their communities and to design policies and programs that help families meet their needs.๐ŸŽ—️ The calculator also reveals the wide variation in living costs across the Pacific region and the challenges many families face in affording a decent life.


#FamilyBudget, #LivingWage, #Cost, #EPI,#IMSPARK,

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