The coronavirus pandemic has forced us to recognize, once again and with fresh eyes, that the American project has been living paycheck to paycheck. If that money suddenly stops flowing, in particular, to small businesses, manufacturers, and the service and hospitality industries, the entire country would go into arrest. And as is the nature
- While 42% of U.S. employees said their financial status has improved in the last two years, nearly as many — 38% — report living paycheck to paycheck, according to the results of a Feb. 11 Willis Towers Watson poll.
- The report revealed 39% of workers couldn’t come up with $3,000
Trying to make ends meet, dealing with credit card and student loan debt and paying unexpected bills while saving for retirement can be challenging regardless of where you are in life.
It’s not surprising that personal finances are employees’ number one source of stress, according to MetLife’s 17th annual U.S. Employee Benefit Trends Study. Luckily, there
It’s somewhat hard to believe that most employees today continue to live paycheck-to-paycheck. Despite the fact that Americans have recovered from the Great Recession a decade ago and that the unemployment rate is the lowest it has been in many years, employees are essentially making the same amount of money they did during the pre-recession
The economy is good these days and many employers may believe their employees also are doing well financially, but this is not the case.
There are two economies prevalent in society, and oftentimes our daily routines and biased views on the rest of the world mean we are not aware of that.
The truth is that more
Another head-shaking survey making a case for employers to provide financial wellness programs for an all-too-big percentage of employees in productivity-sapping financial distress came out this week.
While it boggles the mind that anyone making $160,000 a year still lives paycheck-to-paycheck, those people are apparently out there (probably holding the latest iPhone), and four in 10
Americans aren’t saving enough for retirement. That’s a trite statement. Precisely how great the shortfall is, is in dispute, of course, as is the question of what remedies, if any, should be undertaken. But what’s the reason for this savings shortfall? Discarding specifics like “no more traditional pension plans,” there are three potential reasons,
Counting down to payday is a stressful, but all too common practice. Unfortunately, an August 2017 CareerBuilder survey found that the vast majority (78 percent) of the 3,462 full-time U.S. workers polled said they live paycheck to paycheck. This isn’t just the employees’ problem. Financial stress hurts everything from productivity and performance to