
After two years at a grocery store making $4.25, I got my first raise as a member of the U.S. workforce: I could eat all the nearly expired yogurt in the dairy I could ever want.
Unfortunately, yogurt doesn’t buy a car. And after two years of checking, stocking, bagging and mopping, I had a pair of turntables and records to show for my hard work.
Fortunately, I was in high school and could “work” off my car loan with grades. But for 3.3 million Americans who make the minimum wage — or less — there may not be such a deal.
And at $7.25 an hour, or $15,080 a year, your car-buying options are fairly limited.
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