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Holiday Spending Hangover: Americans Face Record Credit Card Debt in 2024
A LendingTree survey reveals 36% of Americans accumulated holiday debt averaging $1,181 in 2023, with millennials and parents most affected. Financial experts offer strategic approaches to tackle post-holiday credit card bills through balance transfers, debt repayment methods, and smart savings tactics.
Wage Theft Crisis: Over $1.5 Billion Recovered for US Workers in Recent Crackdown
Federal and state authorities have recovered more than $1.5 billion in stolen wages between 2021-2023, exposing widespread wage violations across industries. Despite this progress, experts warn that billions remain unrecovered as many workers face barriers to claiming their rightfully earned pay.
Major U.S. Retailers Announce Historic Wave of Store Closures Amid Digital Shift
Over 7,100 retail locations are set to close in 2024, marking a 69% increase from the previous year and the largest surge since the pandemic. Family Dollar, CVS, Big Lots, and Walgreens lead the closures as traditional retailers struggle against online competition.
Youth Minimum Wage Gap: Balancing Fair Pay with Employment Protection
Young workers globally face structured minimum wage policies that result in lower pay compared to older counterparts doing similar work. While meant to protect youth employment opportunities, there's a gradual policy shift toward age equity in minimum wages.
Starbucks Baristas Launch Nationwide Holiday Strike Over Wage Disputes
Starbucks Workers United initiates a five-day strike across major US cities, with plans to expand nationwide through Christmas Eve. The action comes after failed contract negotiations, with workers demanding higher wages while the company maintains its current compensation package is competitive.
Historic Senate Vote Expands Social Security Benefits for Public Service Workers
The U.S. Senate passed groundbreaking legislation expanding Social Security benefits to nearly 3 million public service workers by eliminating restrictive pension policies. The bipartisan-supported Social Security Fairness Act, which adds $195 billion to federal deficits, now awaits President Biden's signature.
Historic Amazon Strike: Thousands Walk Out in Largest US Labor Action Against E-commerce Giant
Amazon workers across multiple states launch unprecedented strike days before Christmas, demanding higher wages and improved working conditions. Led by the Teamsters union, the action includes walkouts at major facilities and picket lines nationwide, with workers seeking pay parity with other delivery services.
Starbucks Workers Plan Holiday Strike Across Major U.S. Cities
Workers United announces a five-day strike at Starbucks locations in Los Angeles, Chicago, and Seattle during the peak holiday season. The labor action, which could expand nationwide by Christmas Eve, stems from stalled contract negotiations despite the company's claims of competitive benefits.
CEO Exodus: U.S. Companies Face Record Leadership Turnover in 2024
Corporate America experienced unprecedented C-suite changes in 2024, with 327 CEO departures through November marking the highest since 2010. Major players like Intel, Boeing, Nike, and Starbucks saw high-profile transitions amid industry challenges and mounting pressure for rapid transformation.
