Thursday, September 4, 2008

Not News:

Almost half of employees living paycheck to paycheck


A survey of 7,192 workers released Wednesday by online job-search Web site CareerBuilder.com shows 47 percent of working Americans claim they always or usually live paycheck to paycheck just to make ends meet. This marks a jump from 43 percent in 2007.

More female workers -- 54 percent -- always or usually have to live paycheck to paycheck, compared to 41 percent of males. More men (77 percent) than women (72 percent) said they save some portion of their paycheck each month.

I think that if the survey pool had been larger the numbers would be different. Forty-seven percent seems low to me.

An interesting thing is that even people making $100,000 or more still aren't able to save. I know the saying, "the more you make, the more you spend" but I would have thought that more would at least spend what they can afford.

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