3-12-12: The Rising Cost of Living
How much money do you need to get by? And if you aren’t making enough—how DO you get by?
A report out just last month, called “The Self-Sufficiency Standard”, examines how much income a Maryland family needs to cover the basic essentials–things like housing, child care, food, and transportation.
The report, which was published by the Maryland Community Action Partnership, found that median wages in Maryland have risen about 25% since 2001, but are not keeping up with the costs of basic essentials, which are up statewide about 54%.
Sheilah talks with the author of the study, Diana Pearce, who directs the Center for Women’s Welfare, which is based in the School of Social Work at the University of Washington. She also talks with two women who are working to make ends meet: Towanda Noble, a mom and a grandmother who’s a student in Baltimore, and Jessica Tye, who works in data entry and lives with her two daughters and husband in Carroll County.