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OPINION


HERE'S HOW BIDEN-HARRIS INFLATION WILL MAKE RETURNING TO THE OFFICE WILDLY MORE
EXPENSIVE


DID YOU REALLY THINK YOU WOULD BE ABLE TO WORK FROM HOME FOREVER?

By Ted Jenkin Fox News
Published October 3, 2024 5:00am EDT
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BeyondWords

Amazon just left a package on everyone’s doorstep. Its CEO, Andy Jassy, is
instructing corporate staffers to spend five days a week in the office beginning
Jan. 2. And, it’s not a request.  




The decision marks a significant shift from Amazon’s earlier return-to-work
stance, which required corporate workers to be in the office at least three
days a week. 

Goldman Sachs and J.P. Morgan are two other large companies that are requiring
five days a week in the office. In 2023 alone, 66% of workers say they’re in the
office five days a week and you can expect more employers across the country to
follow suit. 

(Amazon is sending a clear signal that a five-day-a-week in office policy may be
back in full swing for all employers very soon.)



The bad news is that it’s going to be wildly more expensive to return to the
office post pandemic and here’s what you need to plan for in your family budget.



COMPANY PLANS TO TRACK WORKERS' LOCATIONS IN RETURN-TO-OFFICE CRACKDOWN



With 50% of people having not made a repayment to their student loans, credit
card debt north of $1.1 trillion, and inflation taking a toll on the budgets of
families across America, what can you expect for increased costs
when your employer makes you return to work full time?   

Workers spend on average $51 per day when they go to the office, which includes:

 * $16 on lunch
 * $14 on commuting
 * $13 on breakfast and coffee
 * $8 on parking
 * Workers with pets also spend an additional $20 per day on pet care.

Video


This doesn’t include the crippling cost of child care. Overall, the difference
for the average family will be an increase of $612 a month to be back in that
cubicle because the boss says it’s better for the company culture.  

Prices are up substantially over the past four years under President Biden and
Vice President Kamala Harris, and if you can no longer work from home, here are
some of the additional costs you might encounter and ways to offset them.



FORMER AMAZON ENGINEER SAYS COMPANY'S 5-DAY RETURN-TO-WORK POLICY CAUSES
EMPLOYEES TO RETHINK JOBS


COMMUTING EXPENSES:




Fuel or Public Transportation: Daily travel to and from work will add costs for
gas, parking, bus or train fares. Make sure to check your company benefit manual
to see what deals or reimbursed expenses they have for employees.

Video

Car Maintenance: More driving leads to wear and tear, increasing maintenance
costs like oil changes, tires and repairs. This is the perfect time to
get your car a complete checkup to make sure you don’t run into unforeseen auto
expenses.


MEALS:

Lunch: You may need to buy lunch more often, so it’s best to meal plan at
home as the cost for eating out is rarely less than $10 to $15 a pop.




Snacks/Coffee: Skip the Starbucks line and use as much as you can for free with
coffee and snacks at the workplace.

BOSSES ADMIT THAT RETURN-TO-OFFICE MANDATES WERE MEANT TO MAKE STAFF QUIT


WORK ATTIRE:

Clothing: Depending on the dress code, you might need to invest in new business
or professional attire, including shoes. It’s a great time to check your company
policy.



Dry Cleaning/Laundry: Professional clothes may require special cleaning,
which adds an extra cost. Many people haven’t had to hit the dry cleaner at all
over the past several years.

Video


CHILD CARE:




Daycare or Babysitting: If you have young children, you might need to pay for
full-time child care, after-school programs or a babysitter.

Office Supplies and Equipment:



If your home office setup has been more convenient, you might miss the comforts
or setup at home, prompting you to buy extra supplies for your work environment.

CLICK HERE FOR MORE FOX NEWS OPINION


TIME COSTS:



Longer Hours: Commuting adds time to your day, which reduces your availability
for personal activities, self-care or family time. This is important if you must
pick your kids up for day care or even the unexpected number of times you’ll
have to pick up food on the way home because there isn’t time to make dinner.


HEALTH & WELLNESS:



Gym Memberships or Fitness Programs: If you used to work out at home, returning
to an office could lead you to rejoin a gym or fitness class. It’s
possible your employer will have an on-campus gym or a discounted gym membership
for you.

Video


UNEXPECTED COSTS:

Gadgets and Subscriptions: You might need additional items like portable
chargers or subscriptions to music or audio books for commuting entertainment.



CLICK HERE TO GET THE FOX NEWS APP





While some employers may still allow working from home and some offer a hybrid
schedule (three days at home, two in the office), Amazon is sending a clear
signal that a five-day-a-week in office policy may be back in full swing for all
employers very soon. 

Now’s a great time to start preparing financially in case your employer makes
such a move and thinking about how that will affect your family
finances and your overall financial plan.

CLICK HERE TO READ MORE BY TED JENKIN

Ted Jenkin is CEO and co-founder of Oxygen Financial and president of Exit Stage
Left Advisors.




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