money-matters

Your Pay Is About to Go Up

Hamilton Nolan · 04/25/16 02:30PM

If you make less than $50,000 per year, you will soon be entitled to overtime pay. “Me?” you wonder, glancing around with uncertainty. Yes: You.

Retirees Are Handing Wall Street Billions For No Good Reason

Hamilton Nolan · 03/28/16 10:52AM

Perhaps the best reason to worry about Wall Street money managers ripping off investors is that most of those investors are regular people—via retirement plans. The extent of the Wall Street skim is truly shocking.

Class War: Yale Edition

Hamilton Nolan · 03/25/16 09:13AM

Yale University is sitting on an endowment worth $25.6 billion. The state of Connecticut, on the other hand, is pretty broke. Now, Connecticut wants to tax Yale’s endowment. This could be more revolutionary than it sounds.

Do Not Get a Degree From an Online For-Profit College

Hamilton Nolan · 03/24/16 11:00AM

If you want to go to college, try community college. Try public college. Try the school of hard knocks. Do not, however, pay money for a degree from an online, for-profit school. Studies say: no!!!

Hamilton Nolan · 03/18/16 11:10AM

New data from Seattle, Los Angeles, and other cities that raised their minimum wage recently show little to no negative effects on hiring after those wages went up. Don’t believe the hype.

The End of Automatic Tipping Has Devastated Restaurant Paychecks 

Hamilton Nolan · 03/16/16 03:00PM

Unless you work in a restaurant, you may not have noticed that many restaurants no longer include “automatic gratuities” on the checks of large groups. But if you do work in a restaurant, this little change may have left you financially destroyed.