The Sustainable Wage Standard (SWS) measure the level of income needed to meet a family’s basic needs without public or private assistance. It includes the minimum necessities, but does not include longer-term needs such as college or retirement savings or short-term “luxuries” like dining out or holiday gifts.
What hourly wage does a Dane County family of four (two adults, a preschooler and a school-age child) need in 2010 to earn the SWS if both adults in the family work full time?
Both parents would need to earn $13.53 an hour.
This includes the following monthly expenses (inflated to 2010 dollars): housing ($827), food ($653), transportation ($454), health care ($376) and child care ($1,519).
The most recent Self-Sufficiency Wage report, with data for every Wisconsin county, is available at: http://go.madison.com/mopmi
For step-by-step instructions, click here:Sustainable wage for a family of four, October 14
For questions, contact Bill Pinkovitz