Tag: income inequality

March 24, 2024 Off

Navigating the Income Gap: How Couples Make It Work

By The Admiral Staff

The article discusses how couples can navigate income inequality in their relationships. It highlights that open communication about feelings related to income differences is crucial, whether it’s guilt from earning less or pressure from earning more. Several approaches are explored: joint accounts (treating money as “his and hers”), separate but equal accounts (contributing proportionally to shared expenses), and separate accounts with proportional contributions based on income percentage. The article also addresses situations where one partner is unable to work, emphasizing transparency and mutual support. Ultimately

October 15, 2019 Off

The Gig Economy Reality Check: Are Side Hustles Worth It?

By The Admiral Staff

A recent analysis of gig economy income reveals a stark reality: 85% of gig workers earn less than $500 per month. While Airbnb is the top earner, with renters averaging $924 monthly, there’s a significant income gap within the sector. Despite potential downsides highlighted by reports on rideshare drivers and the “loneliness” of gig work, experts suggest the sharing economy offers opportunities for skilled workers and entrepreneurs, and lawmakers are exploring ways to improve worker benefits.