Lots of sources are pointing to a sample budget that McDonald’s and VISA put together for a person making about the same amount per year as a burger flipper at McDonald’s, $7.72 per hour. Well, it is a sample budget that is missing a line item for food. Odd for a company that sells food.
But the most annoying thing is that you can’t keep to this budget, unless you work two full-time minimum wage jobs or have a partner that does the same thing, while not accruing any expenses. Forget about kids.
Tar and pitchforks, my friend. Tar and pitchforks.
UPDATE: This story is still going. Some links. Wonkblog thinks this budget is realistic. Surprisingly, Mother Jones agrees. CJR also points out that government subsidizes your Happy Meal by providing EITC and food stamps to low wage workers.