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The Bare Minimum | Is it possible to live on minimum wage? I m barely making it now. So, I can t imagine what someone making $7.25 is doing, Madeline Finney said. Author: John Charlton Updated: 12:03 AM EDT April 23, 2021 LOUISVILLE, Ky. It s been twelve years since there has been a raise in the federal minimum wage. That s plenty of time for the cost of living to go up and a long time since $7.25 an hour went a lot further for Americans. Both Kentucky and Indiana follow the federal standard, which topped out at $7.25 an hour in 2009. Congress eased in a $0.70 raise from $6.55 an hour in 2008, which was also a $0.70 bump from $5.85 in 2007. Prior to that, 10 years had passed without an increase. ....