Minimum Wage Goes Up Again

OREGON — Thousands of Oregonians will be getting a boost in their paycheck starting next year. Labor officials announced Wednesday they’re raising the state’s minimum wage to $9.25, up from $9.10, starting January 1. Minimum wage employees working 30 hours a week will get $234 more next year. Officials say it will help workers keep … Continue reading »

People to Spend More on Back-to-School

(CNN) — Summer vacation is winding down and that means students are getting ready to head back to class. This year it looks like they’ll be dropping some serious cash to prepare for school. The National Retail Federation says a recent survey found people will spend about $26.5 billion on back-to-school items. It says the … Continue reading »

Survey: Americans Not Saving Enough

(CNN) — Think your savings account isn’t as big as it should be? You may be right. According to a new bankrate.com survey about one in four Americans has no emergency savings, and many of those who do save aren’t saving enough. the recommendation is to have about six months’ worth of expenses put to … Continue reading »

Local Kids Learn About Saving Money

EUGENE, Ore. — April is Youth Savings Month–that’s why two local businesses teamed up Friday to give kids a lesson in banking. About 20 children from St. Vincent de Paul affordable housing took a field trip to the Oregon Community Credit Union branch on Coburg Road. The kids got a full tour, including a look … Continue reading »

Taking Advantage of Year-End Savings

EUGENE, Ore. — With the start of 2014 just hours away, many people spent Tuesday trying to save a few dollars before the end of the year. Louise Brown, Financial Manager for Oregon Dental Care in Eugene says the last two weeks in December are pretty crazy. “Extremely busy. Each year, people wait ’til the last … Continue reading »

Minimum Wage Increase In 2014

Eugene, Ore– When we ring in the New Year, about 100,000 Oregonians will see a boost in their paychecks. The state’s minimum wage is increasing 15 cents an hour to $9.10. The increase is to compensate for inflation. It’s a late holiday gift for thousands of workers. “I’m excited of course, a bigger paycheck is … Continue reading »

Food Workers Rely on Public Assistance

(CNN) — More than half of fast food workers receive some form of public assistance because their wages aren’t enough. Those are the findings according to a University of California Berkeley Labor Center and University of Illinois study. The report estimates that the public aid these workers receive equals about $7 billion in taxpayer money. … Continue reading »

Credit Union Teaches Kids About Money

EUGENE, Ore. — A local credit union is giving out free money boxes that are meant to teach children about being responsible with money. They’re called moonjars. Each moonjar is made up of three different boxes labeled spend, save, and share. Northwest Community Credit Union has 10,000 of the money banks to give out, and … Continue reading »

Many Americans Don’t Plan to Retire

WASHINGTON — (CNN) A new study shows that nearly one in eight workers expect they will never be able to afford to retire completely. The new report, done by HSBC, looked at 16,000 people in 15 countries and studied their finances – most importantly their saving for retirement. It paints a gloomy picture, showing that retirement … Continue reading »

Eugene Budget Talks Bring More Questions

EUGENE, Ore. — Another lengthy discussion during the Eugene city budget meeting Thursday night brought about some ideas, but concerns still linger. Councilors are still going back and forth about how to avert pending cuts to city services. There was a popular recommendation made, but it only provides a temporary fix but could save services … Continue reading »

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