A new survey has found people are distracted at work over politics.
The Post’s Jena McGregor reported that arguments over Trump is causing some employees to argue with co-workers or spend a lot of time checking the news, according to a survey commissioned by BetterWorks, a Redwood City, Calif.-based software company.
“Workers report spending an average of two hours per day reading political social media posts,” McGregor wrote. “They reported reading an average of 14 political social media posts during the workday, with 21 percent of respondents saying they read 20 or more a day.”
Here are more findings from the survey of 500 U.S. adults employed full time:
— 49 percent of workers said they had witnessed a political conversation turn into an argument. The number increased to 63 percent for millennials.
— 29 percent of workers say they are less productive since the election.That number increases to 35 percent among those who read 10 or more political social media posts per work day
If you’re getting hyper about politics at work, it’s time to chill.
Don’t risk losing your job or get in trouble with your supervisor because you’re distracted or fighting about Trump.
Color Money question of the week
Have you gotten into a fight about Trump on the job or find it hard to do your work because you’re checking the news about the administration? Send your comments to firstname.lastname@example.org. In the subject line put “Trump Fights.” Please include your name, city and state.
Show me the money: Do you know how much you’re paying to invest?
There’s lots of controversy around the Labor Department’s fiduciary rule, which would require a higher standard for people advising folks about their retirement plans.
But no matter what happens to the rule, you still need to understand what you’re paying to invest and how fees impact your returns.
As the New York Times columnist Ron Lieber wrote recently, “The best way to understand what the fiduciary debate is about — and to protect yourself — is to view this discussion through the lens of fees. Every time you do business with people in the financial services industry, ask them this: How much money are you making, and what are the different ways you are making it?”
Lieber then goes through a serious of questions you should be asking: The 21 Questions You’re Going to Need to Ask About Investment Fees
For more on fees, read:
— Understanding Investment Fees: From Brokerage Commissions to Sales Loads
NerdWallet offers some definitions of common investment and brokerage fees. Look for the chart on how fees impact your returns.
Live chat today
Join me for a live discussion at noon (ET). The main topic this week is about pensions. Are you afraid yours won’t be there when you need it? Have questions about your pension?
Joining me will be Karen Friedman, the Pension Rights Center’s executive vice president and policy director, and Joellen Leavelle, communications and outreach director for the Pension Rights Center.
I’ll also be available to answer your general personal finance questions.
To participate in the chat or send in your questions early click this link.
Your money and your honey: Baby boomers more likely to keep financial secrets
Are you committing financial infidelity?
For last week’s Color of Money question I asked: Do you think it’s okay to keep some financial secrets from your spouse or significant other?
Kimberly Rotter of San Diego: When I have the urge to keep a financial secret, I have to question my motives. Invariably, the desire to keep it quiet is rooted in the knowledge that the purchase is inappropriate for some reason.
Eugene from Clinton, Md., who is divorced, wrote: “The idea of coming together and being together until death do us part just doesn’t carry the same weight that it once did. Because we don’t have the ‘forever together’ mindset, we don’t manage our money in that way. Marriages end in divorce, and divorce is about division – regardless of who is at fault, the system divides. As such, yes, there is a tendency to hide money and accounts and assets because we don’t know when the bough is gonna break and we are left to our own devices, with half or a bit more or less than what we would have had otherwise. There should be full and open disclosure, but that requires a level of trust.
India from the District, who is married, wrote that she keeps a separate stash of money. “Before I got married I owned my condo, car, good credit and a good job. I did not want no man to come along and mess that up for me. The funds I was saving went from my vacation money moved to me calling it my mad money once I got married, which means when he made me mad I will use that money and take a mini trip alone so he could miss me for a few days and appreciate me. I know this is wrong but it makes me feel so much better. Now that I am a little older and wiser, I no longer call it my mad money. I call it stress-free funds. When I am stressed I will treat myself to something — ice cream, dinner, shoes, make up. And sometimes a mini vacation that I invite my hubby to join. It does not bother my husband that I still have the account because he gets to benefit from it at times and I’m fine with that.”
Scott F. from Houston, a 57-year-old baby boomer, wrote: “My parents were part of the great generation and taught me never to tell anyone what you have because they will try and take it or steal it from you.”
Color of Money Columns This Week
— Advice for retirees rattled by Trump
Have a question about your finances? Michelle Singletary has a weekly live chat every Thursday at noon where she discusses financial dilemmas with readers. You can also write to Michelle directly by sending an email to email@example.com. Personal responses may not be possible, and comments or questions may be used in a future column, with the writer’s name, unless otherwise requested. To read more Color of Money columns, go here.