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9 Ways Hillary Clinton’s Financial Plan Will Affect Your Wallet

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Clinton supports raising the federal minimum wage to $12 per hour. Despite minimum wage hikes by many state and local governments, and by high-profile employers like Walmart and Target, the federal minimum wage remains stuck at $7.25 per hour, the same rate it has been at since 2009. Many advocates of a higher minimum wage, including Clinton competitor Bernie Sanders, want a federal minimum wage of $15 per hour nationwide.

Even moving the minimum wage to $12 would raise wages for one in four U.S. workers, according to Amy Traub, a senior policy analyst with public policy organization Demos. “That’s a big segment of the workforce, and it would make a big difference for a lot of people,” she said. “It would be really good for consumers’ wallets.”