MoneyWise


High Cost of Minimum Wage Hikes

July 16, 2018

You take your spouse out for a romantic dinner at that new place advertising fine dining. But you discover that even though the food is indeed upscale— you have to stand in a cafeteria line to order and pay for it.

What happened to the wait staff?  Steve Moore and Rob West discuss how the raising of minimum wage across the country is affecting all of us. 

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • Is long-term care insurance a good idea?
  • If your husband's name is on a trust with his mother, how do you put it into your childrens' names?
  • If you have an inheritance of $200,000 that's currently just in a savings account, is it a good idea to put it into CDs?
  • Is it better for your credit score to not pay your card off and to let it expire on it’s own?

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