For those trying to save on a low income, the savings tips they can actually apply are few and far between. It can be difficult to find examples of low-income saving success and get ideas on how to start saving in a meaningful way when your paychecks are puny to begin with.
"Raising the minimum wage is one simple and long-overdue step toward rebalancing the social contract so that the private and public sectors are more equal participants in improving living standards for American workers."
On a cold November morning in 2012, some 200 fast food workers at places like McDonald's and Burger King started an improbable journey with a one-day strike at a handful of restaurants to demand a minimum wage of $15 an hour.
Restaurant workers and their pay have been making headlines for nearly a year now as fast-food employees protest for higher wages and the Obama Administration attempts to increase the minimum for all workers. Here's what you need to know about minimum wage.
The gains from a higher minimum wage extend beyond those who receive it. More money in the pockets of low-wage workers means more sales, especially in the locales they live in -- which in turn creates faster growth and more jobs.
Raising the minimum wage won't solve these problems overnight, but making sure workers earn enough to get by is critical to turning the tide and strengthening our economy. And it's something we should advance in our communities today.
All throughout history, clergy of all faiths and denominations have been deeply involved in the fight for civil rights and for fair treatment for all people. Now faith leaders are helping to lead the fight against income inequality.