Saving Money When You’re Young? You Can Start Small
When you’re young and juggling lots of financial responsibilities, from repaying student loans to saving up for a down payment on a home, you may have only a few dollars left over each month to put away for retirement. The problem is, you generally need a lot more than just pocket change to invest in the mutual funds that will help grow your savings. Today, the average minimum investment for a U.S. stock fund — a core holding in any...
Employers Test Obamacare By Excluding Some Surgeries
Libbi Stovall couldn’t believe it last month when she looked at the fine print in her company’s 2016 health plan, which supposedly meets the strictest standard for employer obligations under Affordable Care Act rules. The insurance paid for inpatient hospital care, office visits and diagnostic imaging. But it provided no coverage for outpatient surgery, which accounts for two out of every three operations in the nation, according to...
Consumer Confidential: Millionaire CEOs Should Support a Living Wage for Fast-Food Workers
Business leaders have every right to voice concerns about a $15-an-hour minimum wage. Anything that could cut into profits is a legitimate worry for companies. But the spectacle of millionaire CEOs opposing a living wage for their workers serves only to highlight the obscene income gap between those at the top and everyone else whose contributions help keep the corporate wheels turning. Sally Smith, chief executive of the restaurant...
Study: $15 an Hour Would Not Increase Fast Food Prices Much
Washington — Would you pay 17 extra cents for a Big Mac if it meant the person who prepared it could earn a living wage? What about an extra 30 cents each time you ate out at any fast-food restaurant? These are the small prices we would have to pay on average to ensure that fast-food workers around the country earned an hourly wage of $15, according to a new study by researchers at Purdue University’s School of Hospitality and Tourism...
Franchisees Fighting $15 Wage in N.Y.
New York — Gov. Andrew Cuomo wants to have it his way with New York’s fast-food industry — and restaurant owners aren’t loving it. Franchise owners say they’re considering a lawsuit against Cuomo’s plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won’t apply to retail, landscaping, child care or other traditionally...
