McDonald’s must be wondering why it ever tried to get into the financial advising business.
The company created a website called “Practical Money Skills for Life,” in partnership with Visa. The site is intended to help employees get their finances in order. The problem is that McDonald’s doesn’t pay many of its workers the requisite living wage.
The absurdity doesn’t end there.
The following video from Low Pay Is Not OK
illustrates the inherent faults, starting with the “sample budget”:
That’s right. McDonald’s doesn’t seem to think you need to budget for food, water, or clothing. Oh, and you’d be wise to live in a free-heat world.
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McDonald’s issued the following statement to ThinkProgress.org
“In an effort to provide free, comprehensive money management tools, McDonald’s first used the Wealth Watchers International budgeting journal when this financial literacy program launched in 2008.
“As part of this program, several resources were developed including a sample budgeting guide, an instructional video and a web resource center that had additional tools and information.
“The samples that are on this site are generic examples and are intended to help provide a general outline of what an individual budget may look like.”