Minimum Wage Doesn't Cover the Minimum of Life's Needs, Says Ameritech Financial

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Oct 01, 2018, 13:00 ET

ROHNERT PARK, Calif., Oct. 1, 2018 /PRNewswire/ -- Minimum wage doesn't cut it for living independently and affording basic necessities, let alone anything else. Trying to afford loan repayment on top of necessities with minimum wage is nearly impossible and only scraping by and affording basic necessities is a low quality of life. Ameritech Financial (Ameritech), a document preparation service company that helps struggling borrowers apply for federal repayment programs, says there's a strong correlation between struggling with repayment and unfairly low wages.

"Affording anything, from food to car payments to rent, is a difficult juggling act for many people. For student loan borrowers, it probably feels like they are not supposed to be able to succeed in these kinds of situations," said Tom Knickerbocker, executive vice president of Ameritech. Nowhere in the United States can a full-time, minimum-wage employee afford a one-bedroom apartment. Forty-two percent of Americans make under $15 an hour. With prices all around people going up but wages stagnating, affording what it takes to supposedly come out on top and leave struggling behind is becoming harder and harder. Many people who are against a rise of minimum wage often say to go and get a better job to solve the economic problem, but there are several issues to that. If suddenly everyone who needed more money to afford things got a better job, there would be a shortage of workers in the retail and food service industries. Services rendered deserve to be paid well enough that someone working full time can afford a good quality of life.

Fixing the economic problem that haunts many Americans will take time and deliberate efforts. For student loan borrowers who need help now, not later, Ameritech might be able to help. Ameritech helps qualified borrowers apply for federal student loan repayment programs that can potentially lower monthly payments and get them on track for student loan forgiveness after 20-25 years of being in the program. "At Ameritech, we believe borrowers shouldn't struggle with repayment and so we do what we can to help our clients end the cycle," said Knickerbocker.

About Ameritech Financial

Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.

Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

Ameritech Financial prides itself on its exceptional customer service.

Ameritech Financial Newsroom

Contact

To learn more about Ameritech Financial, please contact:

Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
[email protected]

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SOURCE Ameritech Financial