Recession’s Grip May Be Loosening On American Paychecks
Chicago, IL (WIBX) – New figures mark a recession-era low, but some financial planners say they’re still not thrilled with the results of a new poll.
CareerBuilder is releasing the results of its latest survey which show that forty percent of American workers say that “usually or always” live paycheck to paycheck. Broken down, the numbers show that 44% of women and 36% of men admit to the trend. Those numbers reflect a new recession-era low. The high, 46%, was reported in 2008.
Twenty percent of the more than 3,800 full-time workers polled said that they were unable to make ends meet at least once during the past year. Twelve percent of workers who earn less than $100,000 a year always or usually live paycheck to paycheck as well.
The number of those participating in savings plans remained roughly the same, with twenty-seven percent reporting that they have no monthly savings.
The poll was conducted for CareerBuilder by Harris Interactive with a 1.57 percent margin of error.