Afraid You’ll Outlive Your Nest Egg?
Washington — We once thought of retirement as a time to relax, play golf and maybe travel — to finally have a little fun. For some, that will still be the case. For others, the thought of retirement brings anxiety: They’re worried that they’ll run out of money. In a recent survey by the Transamerica Center for Retirement Studies, 44 percent of workers of all ages cited having insufficient finances as their biggest fear. And a quarter...
Minimum Wage Not Rent Money
Washington — If you’re living in a one-parent household making the $7.75 minimum wage in Hawaii, you would need to work 163 hours a week to comfortably make your rent payment on a two-bedroom apartment — giving you a luxurious five hours a week to sleep, eat or spend time with your family. To comfortably afford a decent two-bedroom home on a 40-hour work week, by contrast, you’d need to earn $31.61 an hour. The map here shows the...
Next Labor Fight: Shifting Worker Schedules
Washington — If there’s one labor issue that’s come to the forefront of political agendas over the past few years, it’s the minimum wage: Cities and states around the country are taking action to boost worker pay, as federal efforts seem doomed to fail. But a new wave of reform is already in the works. Instead of how much you earn, it addresses when you work — pushing back against the longstanding corporate trend toward timing shifts...
Comcast to Drop Mega-Merger
Washington — Comcast is planning to drop its $45 billion merger with Time Warner Cable, after Washington regulators raised concerns that the combined giant would hold too much sway over the rapidly evolving television and entertainment industries, according to people familiar with the matter. The decision caps a spectacular collapse for one of the biggest deals ever to come before federal officials. The merger would have combined the...
