[Racialicious Editor's Note: McDonald's has been named one of Fortune's "America's Top 50 Best Companies for Minorities. According to McDonald's, "women and minorities" make up more than 50 percent of the company's workforce.]
By Guest Contributor Jay Livingston, Ph. D.; originally published at Sociological Images
McDonald’s has distributed a pamphlet showing employees how to make a budget and stick to it. As you can see, the pamphlet is a joint effort by McDonald’s, VISA, and (apparently said with a straight face), Wealth Watchers International. The “key to your financial freedom,” they say, is keeping a budget journal.
Here’s the sample budget McDonald’s uses:
The budget is encouraging, to say the least. With an income of $2060 a month, a 2-earner family can save $100 each month.
But do you notice anything missing? Food, for example. Presumably, that comes out of the $27 a day in spending money. Transportation costs? Car payments are included, but not gasoline or upkeep. On an income of $24,000 a year, will this family have a car that needs no maintenance? And if the two earners have only one car, it’s likely someone will have to take public transportation to work. Oh, wait – maybe they both work at the same McDonald’s. And they never buy clothes.
I’m not sure how McDonald’s employees get health insurance for $20. Or home heating for free.