Workers Still Struggle, but Outlook Is Brighter

By Dennis McCafferty
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    Desperate Living

    36% of workers say they "always" or "usually" live paycheck to paycheck—down from 46% in 2008.

While economic conditions are improving, a troubling number of U.S. workers are still living paycheck to paycheck. And many confess that they're missing payments on regular bills—sometimes even big-ticket items like a mortgage—according to recent survey findings from CareerBuilder. In the post-recession world, a number of employees are resigned to a life of simply scraping by. Fortunately, the overall picture shows some improvement, even if the existing numbers are somewhat disheartening. "The financial situation for many households remains a struggle," says Rosemary Haefner, vice president of human resources at CareerBuilder. "But, year after year, fewer workers report living paycheck to paycheck—a sign that job security and spending power may be on the rise as the labor market continues to improve. We expect these positive trends to continue." Given the still-cautionary times, it's interesting to see what Americans are willing to give up—and what they refuse to part with—to keep their expenses down, so that information is included here as well. Nearly 3,000 professionals took part in the research.

This article was originally published on 2013-10-15
Dennis McCafferty is a freelance writer for Baseline Magazine.
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