Nearly one in four U.S. workers juggles two jobs, and one in three workers has no retirement savings or pension. Those are just two of the findings in a new Fed report on the U.S. economy. The L.A. Times reports on the details. Another major finding: almost half of U.S. households say they don’t even have enough cash on hand to cover a $400 unexpected expense.
The Guardian reports on what happened in Florida after the state tried to crack down on the supply of illicit pain pills. When the pills became harder to get, many addicts switched to a different drug with a similar high: heroin. The story highlights the challenge of trying to address a massive drug epidemic that now kills more people in the U.S. than car crashes.
Debt is back.
By the end of this year, U.S. households are expected to hold the same amount of debt they did before the market crash. Globally, debt has already gotten back to where it was before the crash. Sound scary? Head over to the Wall Street Journal to hear the case for why it might not be scary for now – but could be later.
McDonald’s is asking workers at its headquarters in Oak Brook, Illinois to work from home to avoid protesters. Reuters says the protesters are there for the company’s annual shareholder meeting, which runs through this morning. A collection of labor organizers is pushing the company to raise pay for its workers. McDonald’s says most of its stores are owned by independent franchisers, and it can’t set wages for their locations.
“oxycontin no more” by flickr user “durbanator” cc license CC by-NC 2.0.