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Re: sleepless nights
Old 07-09-2006, 05:20 PM   #21
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Re: sleepless nights

Quote:
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.

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Re: sleepless nights
Old 07-10-2006, 06:49 AM   #22
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Re: sleepless nights

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
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Re: sleepless nights
Old 07-10-2006, 10:23 AM   #23
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Re: sleepless nights

Quote:
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.
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