A young woman from Chicago is making $5,000 per hour at a company she co-founded with her brother, a senior marketing executive at a major bank.
The woman, who declined to give her name, says she is a “cash-strapped” mom of two who is not making much money, but is getting ahead in her career by taking on more unpaid work and working from home.
Her brother works at a tech company that is a client of her brother’s and that pays her less than $10 an hour, she says.
With the help of the Federal Reserve and other big banks, she is able to earn a modest salary, and in addition to a $3,500 credit card, she can get an auto loan from a major company and can use her credit to buy a car.
“I’m lucky enough to have my parents who are working hard and they’re not rich,” she says of her parents.
She and her brother are both in their early 20s and are trying to find ways to make money in a world where a growing number of young people are making less money than their parents did in their youth.
While she says she’s grateful for the help her brother has given her, the two women, who spoke on condition of anonymity for fear of retribution, said they would be much more generous in future.
“I’m going to start working for other people because I don’t know where my family will be,” says the woman, whose father died before she was born.
“It’s a tough world right now.”
(Bloomberg)A young woman named Jami says she wants to earn money for her daughter so she can go to college.
She has a master’s degree in business administration from the University of North Carolina and works for an accounting firm, where she earns $13 an hour.
The woman says she was recently told that she’d be able to work from home for the next three months.
Her father worked full-time for the bank until he was diagnosed with colon cancer in December.
Her mother is a nurse and her mother-in-law, who is also working at the bank, was the one who told her about the three-month extension.
Jami is also considering taking a job at a coffee shop to help pay for college.
When Jami was younger, her father made $30,000 a year working for the same bank as his wife.
At her daughter’s age, her income would likely be more than enough to cover her living expenses, and her dad’s retirement savings would also be enough to help support her.
(Reuters)Jami says the couple are looking for ways to keep their daughter close to home so she won’t miss her father.
They want to get her to live with them in a house where she can have a quiet place to spend time with her family.
But, she added, “It will be a challenge to get a job where you can do that.”(Reuters, Reuters)”I have a really tough life to be honest with you,” says Jami, who has two older sisters and is also single.
“So we need to make sure she doesn’t feel she’s alone.”