Fenway concession workers could walk off the job for the first time. Here's why
By Isabel Hart
Workers at Fenway Park and MGM Music Hall represented by the Unite Here Local 26 union are planning a strike vote in June to advocate for higher wages.
The hospitality workers union, which represents over 1,000 Aramark workers at the two venues, will host a strike authorization vote from June 13th to 15th, it said.
Workers in the union include beer sellers, cashiers, cooks, servers, souvenir vendors and others, according to the union. The union is negotiating a new contract with Aramark, after the previous contract expired at the end of 2024.
The union said it began bargaining with Aramark, the food service and facilities management company that employs the workers, earlier this year.
'Both parties are far apart on reaching agreement,' the union said.
Aramark did not immediately reply to a request for comment.
Unite Here Local 26 is the same union that represented hundreds of hotel workers who went on strike last year.
Should the workers vote to authorize a strike and proceed with one, it will be the first time concession workers at Fenway Park strike, according to the union.
A strike authorization vote is a standard union process required before a strike can be called. Strike authorizations do not necessarily mean a strike will take place. A tentative date has not been given.
The union said the workers earn less than $20 dollars an hour, and want more competitive wages that better line up with the cost of living in Boston. The union also said that increased automation at certain concessions, including the beer stands, is taking away jobs and decreasing earnings.
'Red Sox fans come to Fenway not just to enjoy the games and watch the athletes. They return year after year and they look for the server who gave them great service and made their experience at the ballpark a memorable one. It's a personal connection,' Carlos Aramayo, president of UNITE HERE Local 26 said in a statement. 'These workers should be paid well, in line with the citywide standard, and they should not have to worry about losing their jobs to technology.'
Fall River woman sentenced to prison for stealing child's Social Security benefits
Whip City Fiber schedules information for residents on Wednesday to learn about town-owned gigabit internet service
Harvard amends lawsuit against Trump admin following $450 million cut
Longtime restaurant in Boston suburb permanently closing this month
77-year-old woman seriously hurt in crash at Cape Cod grocery store parking lot
Read the original article on MassLive.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
34 minutes ago
- Business Upturn
PensionBee Survey Reveals Nearly Half of Americans Have Less Than One Year of Retirement Savings
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) — Nearly one in three Americans (30%) couldn't survive more than six months on their retirement savings if they had to stop working tomorrow, while 42% have less than one year of savings total, according to new data from PensionBee's Q2 Happy Retirement Report. Just one in ten Americans believes they can live off their savings for 10 years or more. These findings reveal more than a retirement problem—they expose a survival crisis hiding in plain sight. With traditional pensions declining and Social Security facing potential cuts, Americans across all generations are more dependent on personal savings than ever before. Yet most are lacking basic financial resilience. 'Low saving levels among older workers are particularly troubling,' said Romi Savova, CEO of PensionBee. 'In an economy where companies are cutting costs and older workers often face the longest unemployment periods, inadequate savings isn't just about retirement, it's about basic survival. Too many people are one layoff away from being forced into a retirement they can't afford. With AI poised to reshape entire industries, this financial vulnerability becomes an existential threat for millions of American families.' The Actions Behind the Numbers But here's what separates financial confidence from financial fantasy: specific, measurable actions. The survey reveals that confidence isn't built on hope—it's built on behavior. Among respondents who feel 'very positive' about retirement, 61% have structured retirement plans, half with professional guidance, and 25% have consolidated multiple accounts. In stark contrast, just 9% of Americans who feel 'very negative' about retirement have any structured retirement planning in place. Americans who felt 'very negative' about their retirement were also twice as likely (41%) to have delayed saving until age 30, compared to just 20% of those who reported a 'very positive' outlook. The data reveals the specific actions that separate confident savers from worried ones: starting early, maximizing employer benefits, consolidating old retirement accounts, and, when it makes sense, working with financial advisors. These aren't just nice-to-haves—they're the foundation of financial security in an uncertain economy. Retirement Preparedness Across Generations Gen Z: Building Financial Foundation Despite Early Challenges At 43%, Gen Z reports the second-highest retirement optimism, yet their behavior suggests financial vulnerability. Nearly one in five (19%) have already taken hardship withdrawals from retirement accounts—a concerning trend for a generation just starting their careers. However, they're also the most proactive: 25% plan to seek financial advice this year, and 29% are embracing online planning tools. Their challenge isn't awareness—it's building financial resilience while navigating an increasingly expensive economy. Millennials: Navigating Multiple Financial Priorities Millennials show clear signs of economic pressure from competing priorities. They report the lowest retirement confidence (41%) and are most likely to be managing student debt, aging parents, and childcare. Nearly one in four (22%) cash out their 401(k)s when changing jobs, compared to just 14% of Baby Boomers. Having entered the job market during the Great Recession, many developed financial habits that prioritize immediate needs over long-term wealth building. At 29%, they're most likely to delay starting retirement savings, missing crucial years of compound growth. Gen X: Managing Time Constraints and Competing Demands Gen X faces significant time pressure: 36% have less than one year of savings with fewer than 10 years until retirement age. Supporting both aging parents and college-bound children, they're working to build adequate retirement funds within a compressed timeframe. Further, only 23% consistently contribute enough to receive full employer matching funds, representing missed opportunities that could meaningfully improve their retirement outlook. Baby Boomers: Confident Outlook with Limited Savings Baby Boomers report the highest optimism (51%), though this confidence may not fully align with current retirement trends showing later retirement ages and continued reliance on part-time work. Despite being around retirement age, nearly half (49%) of Baby Boomers reported having five years or less of savings. This generation's optimism reflects a different economic era—one with pensions, affordable healthcare, and more predictable career paths. What Comes Next Despite these challenges, the survey reveals reason for optimism: half of Americans plan to increase contributions this year, suggesting growing awareness of the problem. 41% of Americans reported a positive retirement outlook in Q2—down over 10% from Q1's survey . This declining confidence seems to reflect not only the market volatility but perhaps a growing awareness that individual effort alone cannot solve a systemic problem. 'The widespread lack of retirement preparedness we're seeing isn't something workers can solve alone,' added Savova. 'Employers have a critical role beyond just offering a 401(k). When workers are cashing out accounts during job changes and missing employer matches, that's a clear signal that current benefit structures aren't working. We need to reform our system and take active steps: automatic enrollment, better education, and support systems that help departing employees preserve their savings rather than lose them.' About PensionBee PensionBee is a leading online retirement provider, helping people easily consolidate, manage, and grow their retirement savings. The company manages approximately $8 billion in assets and serves over 275,000 customers globally, with a focus on simplicity, transparency, and accessibility. Survey Methodology* Participation Details: The survey data was gathered and sent out by Attest between May 9, 2025 and May 13, 2025 to a total of 1,000 Americans across the 18 – 100 age groups. Voluntary Participation: Participation in the survey was voluntary. Respondents were free to decline participation or skip any questions they chose not to answer. Your investment can go down as well as up. This survey is provided solely for informational and educational purposes and should not be relied upon as sole decision-making tools. Nothing presented here constitutes tax, legal, financial or investment advice. This information does not take into account the specific financial, legal or tax situation, objectives, risk tolerance, or investment needs of any individual investor. All information provided is based on publicly available data and research at the time of posting. This information, and any associated customer testimonial or third party endorsement, does not constitute an offer, solicitation, or recommendation to buy or sell any securities or investments. Your investment is at risk. Past performance is no guarantee of future results. Media Contact: Adela McVicarSR PR Manager [email protected]
Yahoo
an hour ago
- Yahoo
Am I too old to open a Roth IRA?
Every week, Allworth Financial's Steve Hruby, CFP®, and Bob Sponseller, ChFC®, answer your questions. If you, a friend, or someone in your family has a money issue or problem, feel free to send those questions to yourmoney@ Sam in Cold Spring: I'm 60 and want to retire in a few years. Am I too old to open a Roth IRA? Answer: Not at all! There is no age limit, so basically anyone can open a Roth IRA as long as they have "earned income." (There are income limits for contributing, but this can be circumvented with something called a "backdoor" Roth conversion.) If you're a regular reader of our column, you likely know that we've always championed Roth IRAs (and Roth 401(k)s) since they provide tax-free growth. These after-tax accounts are especially powerful savings tools for younger workers since they're likely paying a lower tax on contributions, and they have a longer time horizon to accumulate their tax-free earnings. But that doesn't mean Roths don't come with advantages for folks like yourself who are so close to retiring. For one, Roth IRA withdrawals don't count as taxable income. This can be a big deal for Medicare premiums (potentially helping you avoid a surtax) and Social Security benefits (less taxable income is beneficial in Social Security's taxation calculation). Additionally, unlike traditional IRAs, Roth IRAs don't require Required Minimum Distributions (RMDs) and distributions from an inherited Roth IRA are tax-free (making them a great estate planning tool). The Allworth Advice is that while everyone's financial situation differs, we generally like the idea of having a little bit of tax-free money in retirement. Note: Even though you're older than 59½, you'll still have to wait five years to access the tax-free earnings. Tonya in Colerain Township: My sister has struggled financially for a long time but is starting to turn a corner. But she says she doesn't have a credit score (is this even possible?) so she can't get a credit card. Can you provide her any advice? Answer: While numbers vary, the U.S. Government Accountability Office reports that approximately 45 million Americans do not have enough data points for one of the three main credit bureaus to generate a credit score, making them what some experts call "credit invisible." So, yes, it is quite possible your sister falls into this camp, particularly if she exclusively relies on a debit card, cash and/or payday loans. To help establish a credit history, she has a few options: She could piggyback off someone else's credit history by becoming an authorized user on one of their credit cards. But this, of course, assumes the person she chooses has a solid credit history and is comfortable taking the risk. She could also try using a secured credit card which is backed by an up-front cash deposit. Or, if she has a favorite retailer, she could attempt to apply for the store's branded card since these usually have more lenient qualifications. All of these options can be a good first step. Here's The Allworth Advice: In any and all scenarios, we implore your sister to use any credit card responsibly by making payments in full and on time every single month. Otherwise, her financial situation could backslide, ruining all the progress she's made. We wish her luck. Responses are for informational purposes only and individuals should consider whether any general recommendation in these responses are suitable for their particular circumstances based on investment objectives, financial situation and needs. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing, including a tax advisor and/or attorney. Retirement planning services offered through Allworth Financial a SEC Registered Investment Advisor. Securities offered through AW Securities, a Registered Broker/Dealer, member FINRA/SIPC. Visit or call (513) 469-7500. This article originally appeared on Cincinnati Enquirer: Allworth Advice | Am I too old to open a Roth IRA?
Yahoo
an hour ago
- Yahoo
PensionBee Survey Reveals Nearly Half of Americans Have Less Than One Year of Retirement Savings
New data reveals alarming saving gaps and costly behavioral patterns undermine retirement security across all generations NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Nearly one in three Americans (30%) couldn't survive more than six months on their retirement savings if they had to stop working tomorrow, while 42% have less than one year of savings total, according to new data from PensionBee's Q2 Happy Retirement Report. Just one in ten Americans believes they can live off their savings for 10 years or more. These findings reveal more than a retirement problem—they expose a survival crisis hiding in plain sight. With traditional pensions declining and Social Security facing potential cuts, Americans across all generations are more dependent on personal savings than ever before. Yet most are lacking basic financial resilience. 'Low saving levels among older workers are particularly troubling,' said Romi Savova, CEO of PensionBee. 'In an economy where companies are cutting costs and older workers often face the longest unemployment periods, inadequate savings isn't just about retirement, it's about basic survival. Too many people are one layoff away from being forced into a retirement they can't afford. With AI poised to reshape entire industries, this financial vulnerability becomes an existential threat for millions of American families." The Actions Behind the Numbers But here's what separates financial confidence from financial fantasy: specific, measurable actions. The survey reveals that confidence isn't built on hope—it's built on behavior. Among respondents who feel "very positive" about retirement, 61% have structured retirement plans, half with professional guidance, and 25% have consolidated multiple accounts. In stark contrast, just 9% of Americans who feel "very negative" about retirement have any structured retirement planning in place. Americans who felt 'very negative' about their retirement were also twice as likely (41%) to have delayed saving until age 30, compared to just 20% of those who reported a 'very positive' outlook. The data reveals the specific actions that separate confident savers from worried ones: starting early, maximizing employer benefits, consolidating old retirement accounts, and, when it makes sense, working with financial advisors. These aren't just nice-to-haves—they're the foundation of financial security in an uncertain economy. Retirement Preparedness Across Generations Gen Z: Building Financial Foundation Despite Early Challenges At 43%, Gen Z reports the second-highest retirement optimism, yet their behavior suggests financial vulnerability. Nearly one in five (19%) have already taken hardship withdrawals from retirement accounts—a concerning trend for a generation just starting their careers. However, they're also the most proactive: 25% plan to seek financial advice this year, and 29% are embracing online planning tools. Their challenge isn't awareness—it's building financial resilience while navigating an increasingly expensive economy. Millennials: Navigating Multiple Financial Priorities Millennials show clear signs of economic pressure from competing priorities. They report the lowest retirement confidence (41%) and are most likely to be managing student debt, aging parents, and childcare. Nearly one in four (22%) cash out their 401(k)s when changing jobs, compared to just 14% of Baby Boomers. Having entered the job market during the Great Recession, many developed financial habits that prioritize immediate needs over long-term wealth building. At 29%, they're most likely to delay starting retirement savings, missing crucial years of compound growth. Gen X: Managing Time Constraints and Competing Demands Gen X faces significant time pressure: 36% have less than one year of savings with fewer than 10 years until retirement age. Supporting both aging parents and college-bound children, they're working to build adequate retirement funds within a compressed timeframe. Further, only 23% consistently contribute enough to receive full employer matching funds, representing missed opportunities that could meaningfully improve their retirement outlook. Baby Boomers: Confident Outlook with Limited Savings Baby Boomers report the highest optimism (51%), though this confidence may not fully align with current retirement trends showing later retirement ages and continued reliance on part-time work. Despite being around retirement age, nearly half (49%) of Baby Boomers reported having five years or less of savings. This generation's optimism reflects a different economic era—one with pensions, affordable healthcare, and more predictable career paths. What Comes Next Despite these challenges, the survey reveals reason for optimism: half of Americans plan to increase contributions this year, suggesting growing awareness of the problem. 41% of Americans reported a positive retirement outlook in Q2—down over 10% from Q1's survey. This declining confidence seems to reflect not only the market volatility but perhaps a growing awareness that individual effort alone cannot solve a systemic problem. "The widespread lack of retirement preparedness we're seeing isn't something workers can solve alone," added Savova. "Employers have a critical role beyond just offering a 401(k). When workers are cashing out accounts during job changes and missing employer matches, that's a clear signal that current benefit structures aren't working. We need to reform our system and take active steps: automatic enrollment, better education, and support systems that help departing employees preserve their savings rather than lose them.' About PensionBee PensionBee is a leading online retirement provider, helping people easily consolidate, manage, and grow their retirement savings. The company manages approximately $8 billion in assets and serves over 275,000 customers globally, with a focus on simplicity, transparency, and accessibility. Survey Methodology* Participation Details: The survey data was gathered and sent out by Attest between May 9, 2025 and May 13, 2025 to a total of 1,000 Americans across the 18 - 100 age groups. Voluntary Participation: Participation in the survey was voluntary. Respondents were free to decline participation or skip any questions they chose not to answer. Your investment can go down as well as up. This survey is provided solely for informational and educational purposes and should not be relied upon as sole decision-making tools. Nothing presented here constitutes tax, legal, financial or investment advice. This information does not take into account the specific financial, legal or tax situation, objectives, risk tolerance, or investment needs of any individual investor. All information provided is based on publicly available data and research at the time of posting. This information, and any associated customer testimonial or third party endorsement, does not constitute an offer, solicitation, or recommendation to buy or sell any securities or investments. Your investment is at risk. Past performance is no guarantee of future results. Media Contact: Adela McVicarSR PR PensionBee Inc. is registered with the Securities and Exchange Commission as an investment adviser. We do not provide in-person advice. PensionBee Inc (Delaware Registration Number SR20241105406) is located on 85 Broad Street, New York, New York, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data