Many Americans, especially families, cannot live on a minimum wage of $ 15

Many Americans, especially families, cannot live on a minimum wage of $ 15
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An activist wears a “Fight For $ 15” T-shirt at a press conference before the vote on the Raise the Wage Act at the US Capitol on July 18, 2019.

Alex Wong | Getty Images

A minimum wage of $ 15 could become a reality in the US

While millions would get a boost from a higher national wage floor, many workers would still not be able to get a “living wage” – the wage a person or family needs to cover their basic costs.

This is especially true for families, largely due to the higher cost of living such as childcare compared to single adults.

Even with an increase to $ 15 an hour, a typical family of four couldn’t afford the basics in any U.S. state, according to a CNBC analysis Cost of living data compiled by researchers at the Massachusetts Institute of Technology. (In this example, two …

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