I read Low bank wages costing the public millions by Danielle Douglas at Washington Post. Survey says a large percentage of bank tellers receive some form of public assistance such as food stamps. In New York it’s 39%. It’s said to be a hidden subsidy to the banks.
I heard stories like this first about Walmart employees, then fast food workers, now bank tellers. All the bank tellers I dealt with are pleasant and competent. I wonder why they bother working at the bank at such low pay. Could it be the bank offers a better opportunity than elsewhere?
I also read these other articles this week:
Positive Developments for Municipal Bond Investors by Jared Kizer at Multifactor World
I’m a muni bond investor. I welcome the positive developments. I think it makes sense to protect pension benefits for years already worked but it’s fair game to adjust them for years not yet worked. Public-sector employees still have a powerful tool others don’t have: they vote.
Tips to qualify for tax credits on health exchanges like Cover Oregon by Brent Hunsberger at The Oregonian
There are many ways to boost your income to make it go above 138% of FPL but only very limited ways to get the income down to 400% of FPL or below. Income bunching will sacrifice one year and make you eligible in other years.
If You Are Still in School, Keep Your Investment Powder Dry by Scott Burns at AssetBuilder
It’s not a market-timing call. Just there are better uses of money for a young person than investing, the usual argument for starting early notwithstanding.
Beware: Gift Cards are Warranty Killers by Michael at Financial Ramblings
Good call. I save my gift cards for non-electronic items.
Retire Here: Life In San Miguel de Allende, Mexico by Paul Merriman at Sound Investing
Retired investment advisor Paul Merriman gave a glowing review of his retirement life in San Miguel de Allende in Mexico. Listen to the mp3. Low cost of living, good expat community, lots of culture — it sounds very attractive. I will go check it out someday.
[Photo credit: Flickr user Old Shoe Woman]