Cindy, S/F age 30- $10 hr job..needs insurance
Let's say she's in Illinois (the paycheck stub I found online is from Illinois)
She gets 32 hours a week (she's lucky)
Here's her check stub:
She's single and claims 0 for tax purposes
She has a small dog and shares a place with a friend
Please note that in months with only 4 Fridays she nets $1085.68....($90.48 less)...but her other bills are still due on the dates they are due, even if she has $90.48 less money to pay them. there are also times she works LESS than 32 hours, since she's considered "part time" by her employer. She has no benefits..no 401-k option ( as if she could afford to fund it anyway)
Note also, that her budget has NOTHING in it for clothing, gifts, entertainment, and that I purposely made her "bills" pretty bare bones.
Her car is used (obviously).
She has no credit card debt (lucky her), but a car breakdown or illness could change that.
She also has no student loan debt, since she paid as she went for the community college classes she did take..back when she thought she could take the first two years' basics at community college and then transfer to a 4-year college..but that dream died when she realized that she could not handle a full time job AND college. (some can..most cannot)
She's also lucky she has no kids, but she would like to "someday".
This is the situation that millions of young-ish people are in..
For the moment, things "work out"...barely, but all it takes to upset the applecart is for her to get sick (too sick to work)..or an unplanned pregnancy, or a car breakdown, or for a landlord to raise the rent, or for a layoff.
Buying insurance is a luxury for these people...at any cost over a few bucks a week.
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