FINANCIAL STRESS AND CHALLENGES OF MINIMUM WAGE EARNERS IN U.S. SUPERMARKETS: A BASIS FOR FINANCIAL DEVELOPMENT STRATEGIES

Abstract

This study explores the financial stress and challenges experienced by minimum wage earners working in supermarkets across the United States. Using a mixed-methods approach, the findings reveal that financial strain negatively affects employees’ emotional well-being, job performance, and coping behaviors. Key issues identified include inadequate income, rising debt obligations, food insecurity, and decreased workplace productivity. To address these concerns, the study proposes a financial development framework emphasizing income support, financial literacy initiatives, and workplace wellness programs. The research contributes to strategies aimed at strengthening the financial stability and overall well-being of low-wage supermarket employees, while offering practical insights for policymakers and organizations.