[string] Convert String to Float in Swift

Update

The accepted answer shows a more up to date way of doing

Swift 1

This is how Paul Hegarty has shown on Stanford's CS193p class in 2015:

wageConversion = NSNumberFormatter().numberFromString(wage.text!)!.floatValue

You can even create a computed property for not having to do that every time

var wageValue: Float {
        get {
            return NSNumberFormatter().numberFromString(wage.text!)!.floatValue
        }
        set {
            wage.text = "\(newValue)"
        }
    }

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