How To Live on a McDonald's Budget
The Brian Lehrer Show | Jul 23, 2013
McDonald's and Visa have released a sample budget for low-wage workers and critics say it's unrealistic. Deyanira Del Río, co-director of the New Economy Project (formerly NEDAP), explains how to budget a minimum wage salary - and listeners offer advice on living on $7.25 an hour.
McDonald's and Visa released a sample monthly budget for minimum wage workers on a new financial planning website. It relies on a worker having two jobs and a $600 allowance for rent.
Deyanira Del Rio recommends setting up an appointment with one of NYC's Financial Empowerment Centers by calling 311. And for assistance with economic justice issues, like debt collection, call The New Economy Project's hotline at 212-925-4929.
