Your Must-Read Money Stories of the Week: Could the New Overtime Rules Actually Hurt Your Career?

Your Must-Read Money Stories of the Week: Could the New Overtime Rules Actually Hurt Your Career?

We’ve scoured the web to bring you our favorite and most useful money-related articles of the week. We read everything, so you don’t have to!

Some critics believe the new overtime rules could harm entry-level workers—at least for those working in publishing, consulting, media and other industries known for their long hours and low pay. Here's how they argue the new guidelines could potentially hurt the professional development of those who work in so-called "prestige professions." President Obama’s Overtime Pay Plan Threatens the ‘Prada’ Economy — The New York Times

Parisians have the right idea when it comes to a lot of things: baguettes, wine, effortless street style ... and better work-life balance? The city of lights nabbed the top spot on Expert Market’s list of cities where people have the best balance, factoring in average hours worked per week and per year, plus vacation days taken. See which other cities made the list. The 13 Cities With the Best Work-Life Balance in the World — Business Insider

If you're a man on the hunt for a full-time job, you may want to think twice before taking a part-time gig to tide you over. According to a University of Texas at Austin study, part-time male employees experienced a call-back rate from potential employers that was only minimally better than the call-back rate for their unemployed counterparts. Part-time women, meanwhile, fared much better. The possible reason why may surprise you. How Men Can Pay a High Price for Taking a Part-Time Job — The Wall Street Journal

Rising temperatures seem to have brought an increase in consumer spending, with purchases climbing 1% in April—which may not seem that impressive, but it's the biggest jump the country has seen since August 2009. Here's what this means for the economy at large. Consumer Spending in U.S. Rises Most in Almost Seven Years — Bloomberg

Millions of workers’ pensions could be in jeopardy due to the impending breakdown of one of the nation’s largest multi-employer pension funds, which is due to run out of cash. Not only that, the federal insurance program intended to serve as the backup lifeline to the fund is also in trouble. Now the heat is on to find a solution before the fund runs out of money. Find out how soon that may be. The Federal Insurance Fund Protecting Millions of Pensions is Running Out of Cash — The Washington Post


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