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McDonalds Helps Employee's With Finance Guide: Workers Insulted /Rolleyes

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s0me0nesmind1 said:
Do you know how to read? The article accounts for health insurance in the pre-tax pay :awe:
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Those were with 2008 numbers. They are not even close now, let alone their insurance covers next to nothing.


These are numbers from 2010, you think they have got better since then?

"The most affordable plan at McDonald's charges hourly workers about $14 a week, which comes to $727.48 annually. In return, they get $2,000 worth of coverage per year. If they step on a nail or come down with the flu, they might be covered, but the costs paid by the insurer may not even equal their premiums. If they are diagnosed with cancer, or even appendicitis, they are as vulnerable as someone with no insurance at all."

http://money.cnn.com/2010/10/05/news/companies/mini_meds_insurance_mcdonalds.fortune/index.htm
 
1prophet said:
How about a third option, get together and alter that reality, which many Americans did during the beginning of the 1900's allowing a higher standard of living for future employees.
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I don't see labor unions coming back in any significant way. Company profit margins are too small to absorb the costs of higher wages. And progressives are always quick to point out the CEO pay, but neglect to also factor in the tens of thousands if not hundreds of thousands of workers underneath. CEO pay spread out evenly across every employee usually translates to a small pay increase at best.
 
Have the liberals had enough cups of rage yet over this non-story? Yeah, we all learned in highschool that working as a cashier at McDonalds wont get it done. So they provide educational material for basic budgeting. Holy fuck, how dare they do that!
 
Genx87 said:
Have the liberals had enough cups of rage yet over this non-story? Yeah, we all learned in highschool that working as a cashier at McDonalds wont get it done. So they provide educational material for basic budgeting. Holy fuck, how dare they do that!
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It won't be good enough until McDonald's senior executive team custom tailors a budget for each and every employee who wants financial guidance...
 
Fern said:
So a company goes out and proactively does something beneficial for its employees and the freakin libs have to distort it and bitch? What's new?

The whole thing is a non story.

Fern
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That isn't what is happening at all, but feel free to just invent your own story to make yourself feel better.

What is your agenda?

It should be sad with how badly the rightwingers on here miss the point of the article, but anymore its expected. People aren't upset about the fact that McD's made the budget, which is something you guys miss. Its that they made a unrealistic budget that isn't based on reality. You know, leaving out things like heat, fuel, food and so on. But please, keep inventing arguments that no one is making to make yourselves feel better even though you look like a idiot doing so. Its the rightwing way.
 
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CitizenKain said:
That isn't what is happening at all, but feel free to just invent your own story to make yourself feel better.

What is your agenda?

It should be sad with how badly the rightwingers on here miss the point of the article, but anymore its expected. People aren't upset about the fact that McD's made the budget, which is something you guys miss. Its that they made a unrealistic budget that isn't based on reality. You know, leaving out things like heat, fuel, food and so on. But please, keep inventing arguments that no one is making to make yourselves feel better even though you look like a idiot doing so. Its the rightwing way.
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You meant this reality from the article:

In an effort to provide free, comprehensive money management tools, McDonald's first used the Wealth Watchers International budgeting journal when this financial literacy program launched in 2008," McDonald's USA said in a statement to CNBC. "As part of this program, several resources were developed including a sample budgeting guide, an instructional video and a web resource center that had additional tools and information. The samples that are on this site are generic examples and are intended to help provide a general outline of what an individual budget may look like."
The sample budget includes lines for monthly income from a first job ($1,105) and a second job ($955.) If that was one person with two jobs, he would either be working more than 60 hours a week at minimum wage or making more than $12 an hour on a 40-hour work week.
 
s0me0nesmind1 said:
$240 in health insurance will get you PLENTY. It won't get you emergency treatment, but that isn't what budgeting is for - now is it? That's what savings is for.

$240 accurately describes most of my family in terms of health care. Approx ~3-4 doctor visits/check-ups, maybe a few prescriptions...
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lol, says the "everyone should just buy blankets instead of heat" guy. You are clearly utterly clueless. $240 a year covers you until you actually have a medical condition that requires treatment, at which point it is hilariously inadequate. Like, hilariously.

I had a medical condition that required treatment that ran up nearly $200k in medical bills in 12 days. McDonalds's insurance would have been helpful in that it would have left me with only $198k in bills. Thanks, Mickey D's!
 
CitizenKain said:
It should be sad with how badly the rightwingers on here miss the point of the article, but anymore its expected. People aren't upset about the fact that McD's made the budget, which is something you guys miss. Its that they made a unrealistic budget that isn't based on reality. You know, leaving out things like heat, fuel, food and so on. But please, keep inventing arguments that no one is making to make yourselves feel better even though you look like a idiot doing so. Its the rightwing way.
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Exactly this.

Jesus Christ on a crutch.

$100 for savings and $800 on "stuff"?

I gotta better "budget" for minimum wage earners:

RENT : Cardboard box = Free
FOOD : Dumpster dive = Free
HEAT : 7-11 matches = Free (...and blankets, of course)
TRANSPORTATION : A ride = There's always a trucker in need of a BJ = Free
HEALTH INSURANCE : ER visit = Free

Hey, don't look at me, I'm just providing the "tools" that "may" apply for "some" people who "work" at "McDonalds".

"Finance Guide"? LOfuckingL.
 
etrigan420 said:
Exactly this.

Jesus Christ on a crutch.

$100 for savings and $800 on "stuff"?

I gotta better "budget" for minimum wage earners:

RENT : Cardboard box = Free
FOOD : Dumpster dive = Free
HEAT : 7-11 matches = Free (...and blankets, of course)
TRANSPORTATION : A ride = There's always a trucker in need of a BJ = Free
HEALTH INSURANCE : ER visit = Free

Hey, don't look at me, I'm just providing the "tools" that "may" apply for "some" people who "work" at "McDonalds".

"Finance Guide"? LOfuckingL.
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Maybe one day, posters will actually read the article and comprehend what is being said...Sadly, that day is not today...

McDonald's was not trying to provide a detailed Financial Plan custom tailored to each employee...they provided GENERIC SAMPLES of what a budget MIGHT look like (which is clearly stated in the article)...HOW FUCKING HARD CAN IT BE TO UNDERSTAND THIS???

The example clearly reference a male employee as well. Guess that means if you are a female employee, the suggested Financial Guide doesn't apply to you.
 
spacejamz said:
Maybe one day, posters will actually read the article and comprehend what is being said...Sadly, that day is not today...

McDonald's was not trying to provide a detailed Financial Plan custom tailored to each employee...they provided GENERIC SAMPLES of what a budget MIGHT look like (which is clearly stated in the article)...HOW FUCKING HARD CAN IT BE TO UNDERSTAND THIS???

The example clearly reference a male employee as well. Guess that means if you are a female employee, the suggested Financial Guide doesn't apply to you.
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lulz, again with the Full Retard.

DERP DERP, A BUDGET MIGHT LOOK LIKE THIS!!!!1

No, a budget doesn't look *anything* like that.

HOW FUCKING HARD CAN IT BE TO UNDERSTAND THIS???

...indeed.
 
etrigan420 said:
lulz, again with the Full Retard.

DERP DERP, A BUDGET MIGHT LOOK LIKE THIS!!!!1

No, a budget doesn't look *anything* like that.

HOW FUCKING HARD CAN IT BE TO UNDERSTAND THIS???

...indeed.
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Are you calling the minimum wage employees they interviewed for this liars??? It sure sounds like it....

In one of our generic budgeting samples that was created in 2008 we used actual information that was gathered from interviews with a number of minimum wage employees. The line used for income from a second job can mean the person was working two jobs, or there may have been another person in the household bringing in a second income. The figures used were after all withholdings including taxes and health insurance premiums. I don't recall the number of hours the person worked but it was based on the actual minimum wage in 2008.

or are you just going to ignore the parts of the article you don't like?
 
eskimospy said:
lol, says the "everyone should just buy blankets instead of heat" guy. You are clearly utterly clueless. $240 a year covers you until you actually have a medical condition that requires treatment, at which point it is hilariously inadequate. Like, hilariously.

I had a medical condition that required treatment that ran up nearly $200k in medical bills in 12 days. McDonalds's insurance would have been helpful in that it would have left me with only $198k in bills. Thanks, Mickey D's!
Click to expand...

Quit trying to fool yourself dimwit. You are the one utterly clueless, especially if you are going to fool people into believing your "$200k in medical bills" is anything but the bullshit they feed to your health insurance. If you walk out of a hospital room and they hand you a bill for $200k, you state the words "I don't have health insurance". It is immediately replaced with a bill that is < $10k. Derp derp.

I've had extensive surgery as part of epilepsy and racked up plenty. I take medication for it daily. I see my docs regularly. $240 a year is DAMN accurate and WELL BELOW AVERAGE medical bills of the typical young (20-45) age health insured. In fact, $250 was the exact amount I put in for my flex spending. Most people it's a pain in the ass to push them to get a doc appointment.

A "medical condition required treatment" is equivalent to your emergency savings. That is a different topic. I have stated this already but apparently it gets right by the medically handicapped. Hey - That's a condition you should seek treatment for 😉
 
Teaching a minimum wage worker Finance 101 is like teaching an Ethiopian proper steak cutting etiquette.

derp
 
s0me0nesmind1 said:
http://finance.yahoo.com/news/mcdonalds-finance-guide-insulting-workers-140620836.html

I do not give a flying shit if some people don't agree with the finance advice. There isn't a magical guide to getting rich financially, just as much as there isn't a guide to winning the lottery. All there is when it comes to finance are BASIC TIPS such as budgeting, spending habits, ways to save, preparing for the future, and the best way to get out of debt. THATS IT. The concept of a monthly budget is a damn mystery to 95% of the american public.

There isn't a magical formula. So I don't give a crap if you don't like the style of it. Nevertheless, I find that financial advice is INCREDIBLY important for people to learn. Finance 101 should be a required class. Bashing a place that tries to get their employee's on the right track financially in anyway is just stupid. It really shows why this generation is where it is and how they are doomed - why the average 401k is < $25k, etc..
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we learned finance101 stuff in the 1st grade.
back then, it was called arithmetic.
 
s0me0nesmind1 said:
Quit trying to fool yourself dimwit. You are the one utterly clueless, especially if you are going to fool people into believing your "$200k in medical bills" is anything but the bullshit they feed to your health insurance. If you walk out of a hospital room and they hand you a bill for $200k, you state the words "I don't have health insurance". It is immediately replaced with a bill that is < $10k. Derp derp.
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Complete bullshit. As expected from someone like you.
 
I'll just toss out that this is important because if you believe we are having an "economic recovery", then if you look at the reality behind the numbers it's one that is largely built on jobs that have been built in food service and restaurants.

Part time jobs are at an all time high. Full time jobs, not so much, they are below year 2000 levels. The McDonalds workers just gives some insight into how meager part time low wage jobs are for a living. Yet this is what our "recovery" is largely built upon. Corporate profits doing fine, top line growth not so much. Economic playing field, is not as education driven as some people think, central planning manipulates way to much to allow for an even playing field.
 
People think we are having an "Economic recovery"? bwahaha

From the start anyone could tell, we are having a "Quick! We need to restore government spending revenue!"
 
s0me0nesmind1 said:
People think we are having an "Economic recovery"? bwahaha

From the start anyone could tell, we are having a "Quick! We need to restore government spending revenue!"
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What's more troubling I that the "economic recovery" that is anything but, is built on unprecedented stimulus and money printing.

It's like were throwing darts, but the bullseye is painted right on our childrens nutsacks... oh I meant on an "economic recovery".
 
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