California families with two working parents need to earn about $75,000 a year to pay their bills, according to a study released today.
That amount would be the equivalent of both parents working full time for an hourly wage of $18.15, more than twice the state’s minimum wage of $8 per hour, said the study conducted by the California Budget Project, a nonpartisan public policy research group.
The $75,500 annual income would pay for housing, child care, utilities, health care, food, transportation and other modest expenses, the study said.
Two-parent families with one working parent need an annual income of $54,039 or an hourly wage of $25.98 to pay their bills. A single-parent family requires an annual income of $64,239, which would be an hourly wage of $30.88.
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The project’s officials hope the study will help California lawmakers as debate whether to make cuts for programs such as child-care assistance for families.
“We view it as a tool that can be used to assess public policies,” said Jean Ross, executive director of the California Budget Project.
The study is titled "Making Ends Meet: How Much Does It Cost to Raise a Family in California?" It can be found on the project's Web site at www.cbp.org.