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Survey: Nearly 80 Percent of Americans Live Paycheck to Paycheck

Image: Survey: Nearly 80 Percent of Americans Live Paycheck to Paycheck
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By    |   Thursday, 24 Aug 2017 07:55 AM

Nearly 80 percent of Americans are living paycheck to paycheck, according to a survey released Thursday by CareerBuilder.

The results:

  • 78 percent live paycheck to paycheck, up from 75 percent last year.
  • 81 percent of women live paycheck to paycheck vs. 75 percent men.
  • Nine percent of workers making $100,000 or more live paycheck to paycheck.
  • More than 1 in 4 do not contribute to savings each month.
  • Nearly 3 in 4 say they are in debt; more than half think they always will be in debt.

"Living paycheck to paycheck is the new way of life for U.S. workers," CareerBuilder spokesman Mike Erwin told CBS News. "It's not just one salary range. It's pretty much across the board, and it's trending in the wrong direction. Jobs have come back, but we haven't seen salaries rebound."

Further, 59 percent of Americans making $100,000 or more say they are in debt, and 70 percent of those making between $50,000 and $99,000 are in debt, according to the survey.

"As an employer, your employees' financial problems become your financial problems," said Rosemary Haefner, chief human resources officer for CareerBuilder. "If workers are constantly thinking about their financial struggles, their quality of work can decrease, and it can take a hit on their morale and productivity."

The survey was conducted online within the U.S. by Harris Poll on behalf of CareerBuilder among 2,369 hiring and human resource managers ages 18 and over and 3,462 employees ages 18 and over between May 24 and June 16, 2017. There's a 95 percent probability that the results have sampling errors of plus or minus 2 percentage points.

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Nearly 80 percent of Americans are living paycheck to paycheck, according to a survey released Thursday by CareerBuilder.
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Thursday, 24 Aug 2017 07:55 AM
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