Workers wages and salaries grew 2.4 percent over the past 12 months. That's down from 2.6-percent growth half a year ago. Which not only means there has not been a lot of growth, but that what we have had is slowing.
On top of that, total compensation, which includes things like salaries plus health benefits and bonuses, has not been growing at a comparable rate.
As the wage growth slows, other costs of living like housing, food and transportation continues to rise at a much higher rate--putting more pressure on peoples’ pockets.
According to the federal government, "enough" is a simple, five-figure amount: $23,850. That's the poverty line. It marks a distinction between who is poor and who is not, who doesn’t have enough money to make ends meet and who does.
But over the past month, I've asked you to tell me what you think it really takes to live in South Florida. Your answers averaged about $47,600 a year -- almost exactly twice the federal poverty level.
The U.S. House of Representative voted Wednesday to approve a new farm bill after a two-year standoff. It cuts $8 billion over the next decade from the Supplemental Nutritional Assistance Program, also known as food stamps, but the brunt of those cuts won’t be felt in South Florida.
The food stamp program accounts for almost 80 percent of the current farm bill. With pressure to reduce spending, it was inevitable that the program would be scaled back.
This Jan. 8 marks the 50th anniversary of former President Lyndon B. Johnson's War on Poverty, which left a checkered legacy after 1960s policies to combat growing poverty. We thought this marked an appropriate time to take stock of how local communities are doing.