Are you close to the financial edge? New study shows American need more money to make ends meet

DAYTON — If you are feeling close to the financial edge, you’re not alone. According to a new study, the average American household would need just over $35 an hour just to get by.

Making a livable wage is out of reach for many Americans, struggling to make ends meet. The 2022 study by County Health Rankings, reports nationally.

The average living wage is $35-$80 an hour, for a household of one adult and two children. But most of those families are making just over $31 on average.

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Depending on where you live, a living wage can fluctuate. News Center 7′s Candace Price wanted to find out what it would come out to in the Miami Valley, so she grabbed a calculator to find out.

In Montgomery County, a family with one adult and two children would need $42.21 an hour. It’s the same for Greene County. However, in Miami County, it’s $39.24 an hour.

According to Job search site Zip Recruiter, the average pay in Ohio is $18 an hour.

The report used data in 2021, not considering the spike in inflation, which means you cold need a lot more to make ends meet now.

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The data did, however, point out the disparities when it comes to wages for women and people of color.

They concluded women of all races need to work several months more to earn the same average annual salary of a white man, which is $61,000.

Hispanic women must work the longest and added 10 months to earn that wage.

Disparities in wages, such as those for women and people of color make it even harder for those groups to earn a livable wage.

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