The Floor
Real federal minimum wage
Currently elevated — historically leads Motor Vehicle Insurance CPI by 3 quarters. Motor Vehicle Insurance CPI · View projections
What is the current The Floor?
Real Federal Minimum Wage: $2 as of 2026-05, and worsening. Source: Computed (DOL FEDMINNFRWG / CPI via FRED).
The Floor falling to $2
Tracking worsening relative to recent baseline.
How has The Floor changed over time?
Most affected counties
Counties with the highest labor scores in the County Distress Index.
Explore all 3,144 counties →| Period | Value | YoY Change |
|---|---|---|
| May 2026 | $2 | −$0 |
| Apr 2026 | $2 | −$0 |
| Mar 2026 | $2 | −$0 |
| Feb 2026 | $2 | −$0 |
| Jan 2026 | $2 | −$0 |
| Dec 2025 | $2 | −$0 |
| Nov 2025 | $2 | −$0 |
| Sep 2025 | $2 | −$0 |
| Aug 2025 | $2 | −$0 |
| Jul 2025 | $2 | −$0 |
| Jun 2025 | $2 | −$0 |
| May 2025 | $2 | −$0 |
Frequently Asked Questions
What is Real Federal Minimum Wage?
Real federal minimum wage
Why does Real Federal Minimum Wage matter for financial distress?
Real Federal Minimum Wage is one of the indicators tracked by the American Distress Index (ADI), which measures five dimensions of U.S. household financial distress: Delinquency, Default & Legal, Debt Burden, Labor, and Safety Net & Buffer. Changes in this indicator contribute to the overall distress picture.
Where does the Real Federal Minimum Wage data come from?
This data comes from Computed (DOL FEDMINNFRWG / CPI via FRED). More information: https://fred.stlouisfed.org/series/FEDMINNFRWG. The American Distress Index updates this indicator monthly.
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