Juliana Kaplan

If you want to meet someone making a lot more — or a lot less — money than you, try your local full-service chain.No, really: Restaurant chains like Olive Garden and Applebee’s are America’s socioeconomic melting pot, according to new research. A paper from Maxim Massenhoff and Nathan Wilmers, of the Naval Postgraduate School and Harvard University, respectively, looks at where Americans of different classes are more likely to rub shoulders. “The most socio-economically diverse places in America…

The Department of Labor proposed a new rule that would update who’s eligible for overtime.Currently, workers making under about $36,000 can get extra pay for extra hours.The Biden administration’s labor department wants to make sure you get paid for extra hours you’re working — even if you’re in a salaried position. Under the Department of Labor’s new proposed rule, salaried workers who make less than $55,000 a year, or $1,059 a week, will become eligible for overtime. Currently, that threshold…

Twinkle Stanly, a content producer, lives in a tiny studio apartment in Dubai, United Arab Emirates.She spends about 20% of her income on rent, she said, which lets her save up.Twinkle Stanly is, in her own words, a solo, independent, single girl.Stanly, a 25-year-old content producer born and raised in Dubai, United Arab Emirates, lives in her own 350-square-foot studio apartment. At first, living in the small space was purely a financial decision — she said she paid about $7,700 a year for the…

Jay, an elder millennial, wanted to move away from his office for family reasons.But his job required that he live less than two hours from work, even though he worked remotely.For Jay, remote work is worth the price he paid.Throughout the pandemic, Jay, an elder millennial, had been working remotely for a government agency. His employer deemed his work completely portable and provided him the option to keep working from home after the office reopened. But there was a catch: He had to live withi…

The Biden administration is continuing its crackdown on junk fees — and this time, retirement savings are in the limelight.A new proposed rule by the Department of Labor would close what the administration calls “loopholes” in retirement advice, potentially saving retirees billions. DOL is proposing requirements that retirement advisers give advice that’s in the best interest of retirees, rather than pushing products that they might profit from.“Most financial advisors give their clients good ad…

Americans are even less likely to mix with people from different socio-economic classes than pre-pandemic. We’re working remotely and shopping online more, and venturing outside of our own neighborhoods less. If you want to meet someone making a lot more — or a lot less — money than you, try your local full-service chain.No, really: Restaurant chains like Olive Garden and Applebee’s are America’s socioeconomic melting pot, according to new research. A paper from Maxim Massenhoff and Nathan Wilme…

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