By Charlotte Young
For those who are unemployed and struggling to make ends meet, the obvious solution to their problem would be finding a job. While it certainly helps, those with a job know that it can still be tough to have basic economic security.
Though an estimated 190,000 jobs were added in March, according to the Labor Department, many of those jobs were created in retail, hospitality and home health care, which often do not pay enough to cover all basic needs such as housing, utilities, health care and transportation, reports The New York Times.
To address this issue, Wider Opportunities for Women (WOW), a nonprofit group, conducted a study based off of previous research about the income needed to take care of basic needs, as outlined by the nation’s poverty line. WOW’s study extends on this previous research to determine the income needed for economic stability, and takes into account saving for retirement and emergencies.
The national poverty line states an annual income of $10,830 is needed for a single person and $22,050 for a family of four. WOW’s study shows that to cover basic expenses and to be able to save, a single worker needs an income of $30,012, while a family of four needs $67,920 annually.
The National Urban League recognizes the need for jobs and job security is especially dire in the black community, as the joblessness rate for black America is almost 16 percent, twice as high as the overall rate. The organization recently released their annual report entitled, “The State of Black America,” which has 12 new ideas for job creation, including summer jobs and “green empowerment zones.”
National Urban League president and CEO Marc Morial told NPR that the Urban League will continue to advocate their concerns and ideas to Congress, in hopes, Morial says, for a “targeted economic policy.”