The National Center for Children in Poverty published a Basic Needs Budget Calculator
Students can select a location (not all counties in all states are represented) and certain family characteristics. They will then be able to see the basic needs budget of the family. The example below shows the budget of a single-parent family with 2 children in Atlantic County, NJ. The budget clearly shows that supporting this basic budget would require $24/hr.
Basic Needs Budget: Atlantic City/Atlantic County, NJ (2010) Single-parent family with 2 children, ages 3 and 6 | ||
Annual | Monthly | |
---|---|---|
Rent and utilities | $13,212 | $1,101 |
Food | $6,559 | $547 |
Child care (center-based) | $15,719 | $1,310 |
Health insurance premiums (employer-based) | $3,135 | $261 |
Out-of-pocket medical | $516 | $43 |
Transportation | $780 | $65 |
Other necessities | $4,745 | $395 |
Debt | $0 | $0 |
Payroll taxes | $3,818 | $318 |
Income taxes (includes credits) [show detail] | $1,423 | $119 |
TOTAL | $49,906 | $4,159 |
---|---|---|
Hourly wage needed: $24
Percent of the federal poverty level: 273%
|
Have you students look up local areas near your universities or near their hometowns to start a discussion on poverty, minimum wage, rising economic inequality, and/or families in poverty. They can also alter their budgets by adding and subtracting in different categories. (For example, once you see that rent is 1,000 a month, you can have them search for apartments in that price range on Craigslist, Zillow, etc. Could they find a smaller apartment in a different area? How would that change their budget?)
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