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Iowan’s are struggling to make ends meet, according to a report

News

March 13th, 2024 by Ric Hanson

DES MOINES, Iowa (Gray Television Iowa Capitol Bureau) – It’s getting harder to make ends meet in Iowa, according to a report by the nonpartisan group Common Good Iowa. Wages are growing in Iowa, yet more families are struggling. Common Good Iowa’s report finds that 17.5% of Iowa families find it hard to meet even the most basic of needs.

Sean Finn, a policy analyst for Common Good Iowa, says “We’re seeing that the inflation of the past few years has really counteracted the wage growth of those years and families are really in a pinch when it comes to affording their basic needs.”  Finn says half of single parents in Iowa don’t make enough to cover a bare-bones budget. To meet that, a parent would have to make $24.64 per hour. For a family of four, both parents would have to make at least $19.55 per hour. “Clearly, we see that’s far above the minimum wage for the state of $7.25, which needs to be updated,” Finn said.