17 States Where the Minimum Wage Is Growing in 2018

4/20/18

By Selena Maranjian, MotleyFool

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Moving on up

It's hard to make ends meet if you're only earning minimum wage. The federal minimum wage has been $7.25 per hour since 2009. Over a 40-hour week, it amounts to $290, which is just $15,080 per year. Putting that in perspective, it's below the federal poverty level for a household of two or more people, and is not far above the 2018 $12,140 poverty threshold for individuals. Also, inflation has totaled more than 13% since 2009, making life even harder for low earners.

Fortunately, many states and cities have set higher minimum wages for their populations. In 2018, fully 17 states will see minimum wages increase. The table below shows the growth percentages. Click through for a closer look at each of those states and their minimum wages.

Minimum wage increase by percentage

ALSO READ: Will a $15 Federal Minimum Wage Really Help Low-Income Workers?

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