Why Some Retirees Are Pissed Off With $15 Minimum Wage, Ep #2

<p><span style="font-weight: 400;">What does a $15 minimum wage have to do with retirees? Why would they be upset about it? Is it that big of an issue? Illinois recently enacted a plan to increase their minimum wage by $1 each year until 2025—at which time they’ll have fully implemented a $15 minimum wage. In this episode of Retirement Made Easy, I use some hypothetical scenarios to explain the impact of the minimum wage increase and what pre-retirees need to prepare for.  </span></p> <h2><span style="font-weight: 400;">You will want to hear this episode if you are interested in...</span></h2> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">[1:24] Why are retirees pissed off about the $15 minimum wage?</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[2:26] A Hypothetical example of a retiree in Illinois</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[5:14] How the minimum wage increase will impact grocery stores</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[7:63] WHY the minimum wage increase is terrible news for retirees</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[9:59] Check to see what your local state has in place for minimum wage increases</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[14:11] Understand the retirees perspective and how it impacts retirement planning</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[14:45] A brief discussion on the impact to small business owners</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">[15:34] How to plan and prepare for a successful retirement </span></li> </ul> <p> </p>