Prisoners and their families victims of a government slush fund By
May 22, 2021
Michigan prison inmates who want to phone home must pay 16 cents per minute, a rate that far exceeds what is now considered reasonable and customary outside prisons. Some people familiar with the system say the state unfairly makes a profit from prisoners and has created a related slush fund that should be terminated.
Global Tel-Link is the company contracted by the Michigan Department of Corrections to install and maintain phone equipment in prisons. Under the contract, the firm must record and store prisoner conversations, and analyze them to ensure no illegal activity is discussed.
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Millennials are lucky compared to baby boomers. Today, younger professionals can receive employment income while doing side hustle in the gig economy. Their older counterparts did not have the same luxury. If you lost your job before, you had to apply for work to earn your keep again.
Perhaps the biggest advantage of older folks is that they are better savers. Canadian baby boomers understand the importance of saving and investing for the future. Also, they prioritize debt repayments, according to a 2020 study from Edward Jones.
I’m not saying that millennials throw caution to the wind. However, about 58% are most likely to spend their money on experiences, such as concerts, dinners, and vacations. Some would even accumulate debts to fund their lifestyles. But if the majority were to save and invest early on, they wouldn’t have financial worries in the future.