keeping more of your take-home pay is more than a way of surviving a tough economy; it can also be a powerful statement about getting off the work-spend treadmill, rejecting the greedy and sometimes even predatory practices of some financial institutions and corporations, and becoming more self-sufficient overall. Here’s what saving more of your money looks like over time.
The United States is far behind much of the rest of the world when it comes to recognizing and rewarding the advantages of paid leave for new parents. Some countries like Sweden offer parents rights protected by law to spend the essential time necessary to raise a child in the early years of development, while the US has no federal laws. Only a handful of states offer up to 6 weeks at a greatly reduced wage.
In Sweden, mothers and fathers share 480 days of paid leave that can be spread out from 60 days prior to expected delivery up until the child turns 8. They are paid at 80% of benefits-based income (compared to 55% for 6 weeks in California). The idea is that parenting should be a shared responsibility between both parents, particularly during the early development stages of childhood.
Here’s a breakdown of how other countries treat their parent employees. Click to enlarge.
With 46.2 million people living in poverty in America, most are pointing to joblessness, weak recovery, and political maneuvering on the crisis. For four consecutive years, the number of poor people in America has risen and is at its highest point since the Census Bureau started keeping track of it 52 years ago.
According to Coupon Cabin, “Whether you pick a paper, scroll through your Twitter feed or listen in on a conversation at the local grocery store, you will likely find that economic uncertainty is churning all around us.”
That definitely seems to be the case. Let’s take a deeper look with this infographic. Click to enlarge.