The site includes a sample”‘budget journal” for McDonalds’ employees that offers a laughably inaccurate view of what it’s like to budget on a minimum wage job. Not only does the budget leave a spot open for “second job,” it also gives wholly unreasonable estimates for employees’ costs: $20 a month for health care, $0 for heating, and $600 a month for rent. It does not include any budgeted money for food or clothing.
The sample budget is also available in Spanish. On another section of the site, it concludes, “You can have almost anything you want as long as you plan ahead and save for it.”
Neither McDonalds nor Visa returned requests for comment by the time of publication.
Last year, Bloomberg News found that it would take the average McDonalds employee one million hours of work to earn as much money as the company’s CEO. This immense wage disparity in the fast food industry has sparked a series of protests and walk-outs by low-wage workers working at fast food chains around the country — in New York, Chicago, Washington, and Seattle, to name a few cities, workers from chains including KFC, McDonalds, Burger King, and Taco Bell have spoken publicly about the need for serious wage increases across the industry.
(HT: Low Pay Is Not Okay)
A McDonalds spokesperson provided this statement to ThinkProgress:
“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.”