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Wednesday, July 17, 2013

We Have Some Problems With Visa’s Sample Budget For McDonald’s Employees

Someone meant really well. We think. A few years ago, Visa and McDonald’s partnered to launch a personal finance site for McDonald’s employees to help them better manage their money. Unfortunately, whoever wrote these materials had no grasp of what it’s actually like to live on $8 or so per hour.

“Helping you succeed financially is one of the many ways McDonald’s is creating a satisfying and rewarding work environment,” the site’s About page explains. The path to financial freedom, according to Visa and McDonald’s, involves turning off your heat, not buying groceries, not having children, never getting sick, and getting a second job. All of which are sound money-saving strategies, it’s true, but it’s not all that realistic to expect people to combine them.


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