An estimated 30 million Americans hold low-wage jobs. Workers in these jobs struggle to cover their day-to-day expenses, let alone save for the future. However, in many parts of the country, that wage is not enough to make ends meet. In addition, not all workers are covered by federal law. State governments have the authority to increase the minimum wage above the federal $7.25 per hour and extend coverage to classes of workers who are excluded under federal law (including agricultural, domestic, and tipped workers). In the past few years, a handful of states have passed legislation increasing the minimum wage in yearly increments to reach $10.00 per hour by 2016—a level many experts believe will increase financial security for low-wage workers.