Paycheck to Paycheck 42% of workers say they usually or always live paycheck to paycheck, a slight improvement over 2010.
Even people fortunate enough to remain employed are struggling with debt concerns and the resulting stress on their savings and retirement portfolios. In that vein, here's some bad news and some not-quite-that-bad news. The bad news: A significant percentage of employees are living paycheck-to-paycheck, with a notable share of them missing routine bill payments, according to a recent survey from CareerBuilder. Even a six-figure income may not be enough to stave off bad times – a surprising number of those making more than $100,000 per year are having trouble in meeting expenses. The not entirely rotten news is that things are not quite as bad as they were last year, with minor-to-decent statistical improvement compared to 2010. Keep in mind that this research was completed shortly before the market meltdown in August and the resulting increase in fear of a double-dip recession, and that it conveys a broad, year-to-year perspective. More than 2,500 U.S. hiring managers and nearly 5,300 U.S. workers took part in the research.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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