sleepless nights

[REWahoo]

Originally Posted by Jarhead*

Probably being a little bit of an alarmist, but the first post I noticed from you is concerning "wages". (Can't be too careful with a potential back-slider).

Not to worry, I've learned my lesson and see no possibility of a future relapse. My near-w*rk experience taught me just how priceless this retirement thing really is. I'll be fine...once the nightmares and flashbacks taper off.

[Martha]

Because our federal government has not raised the minimum wage for so long, a number of states have taken action to raise their own minimum wage. For example, Florida raised its minimum wage to $6.40 not long ago.

Here are the state minimum wages: http://www.dol.gov/esa/minwage/america.htm

[kcowan]

Originally Posted by claire

gosh i didnt realise the minimum wage over there was so little, for some reason i thought it was around 15 dollars an hour, not sure why.

that means your mininum wage works out at around £3.00 GBP, the mininum wage in the UK varies according to age but its about £5.50. But I suppose the cost of living is cheaper in the USA.

I have heard from people who have experienced it that living in London is about equivalent. If it costs a dollar in the US then it costs a pound in London. There are exceptions of course. In either place, it is inadequate to have a decent living.

But to supplement a retirement that was taken rationally, it can serve its purpose in the face of unexpected inflation.