Page 2 - Sample Budget News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provision for a second job. critics are calling it proof that it's nearly impossible to survive on a single minimum wage paycheck. others are saying thought so fast. joining me here, the staff attorney at the national employment law project. thank you for being here. give your assessment of the sample budget from mcdonald's. >> looking at the budget i had two immediate reactions. first, there's no line in there for things like food, clothing, gas. >> child care. >> child care. so mcdonald's is essentially conceding in order for a minimum wage worker at its fast-food store they have to rely on ...

Mcdonald's does this financial planning sheet for employees and it made a lot of buzz because they accounted for a second job basically needing to have 90% of the income, main job was mcdonald's to get by on a monthly budget. >> that was their advice to get a second job. >> not exactly. they laid out a sample budget for people to look at and the intention was to help their employees put together a financial life that works. they did it poorly because their assumptions about how much money people need to spend on particular things were a little bit crazy. >> i think that's the key they were try...

Latest updates on this topic from reliable sources.