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Forty-two percent of workers are living paycheck to paycheck, down slightly from the 43% who were in this financial state in 2010, CareerBuilder found in a survey of 5,200 workers. This 42% level is at pre-recession levels, indicating that while incremental, household finances are improving.
Among those earning six figures, only 14% are living paycheck to paycheck, down from 17% in 2010.
Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Medias Wall Street & Technology magazine and … Read full bio
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Women take on the majority of caregiving responsibilities for aging parents, often putting their financial futures at risk.
From medical bills to car repairs, small expenses can create major stress for workers. Employers are responding with new emergency support programs.
Employer-provided home-saving accounts and educational resources can help workers achieve an increasingly elusive milestone in the current affordability crisis.
Even high-income employees are uncertain about where to put their next dollar, highlighting the need for workplace guidance on financial wellness.
New NFP research finds 72% of workers are behind on retirement as rising costs, competing priorities, and financial stress make saving harder.
