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New Survey Reveals Decline in Living Paycheck to Paycheck

moneyThere’s good news to report today!

According to a recent CareerBuilder survey, the number of U.S. employees who live paycheck to paycheck continues to drop. Per the respondents, 36 percent reported they always or usually live paycheck to paycheck. Last year’s numbers came through at 40 percent. This year’s percentage is even more significant because the 2008 numbers reflected 46 percent!

The survey encompassed almost 3,000 full-time employees in the private sector. There’s more good news because 24 percent of respondents revealed they never live paycheck to paycheck. 

Broken down further, women are more likely than men to live paycheck to paycheck and when it comes to age groups, employees closer to retirement age of 55 years and older are least likely to say they’re living from check to check.

More numbers revealed one out of five employees missed payments last year. In fact, 16 percent admitted to having missed payments on small bills. Four percent missed payments on bigger ticket items like their mortgage.

Per the press release, CareerBuilder’s vice president of human resources Rosemary Haefner stated, “The financial situation for many households remains a struggle, 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.”

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