Thursday, June 21st, 2018

Survey: Over 2/3 of Americans Living Paycheck to Paycheck

Published on September 21, 2012 by   ·   No Comments


Americans are waiting to register for food stamps. (File photo)

Americans are waiting to register for food stamps. (File photo)

A new survey by the American Payroll Association has indicated that more than two-thirds of Americans are living paycheck to paycheck.
According to the association, 68 percent of respondents said it would be somewhat difficult or very difficult if their paychecks were delayed for a week, Reuters reported on Wednesday.The study also found that the results show Americans are still struggling with the recession’s effects.

Sixty-five percent of respondents reported living paycheck to paycheck in 2006, a figure that increased to 72 percent in 2010 in the wake of the recession.
Wendy Kowalik, president of the San Antonio financial planning firm Predico Partners, called the survey “disturbing, but not surprising.”

She added that saving money is becoming more difficult, if not impossible, for more US workers.

Earlier this month, the US government said that a record number of 46.7 million people were enrolled for food stamps in June, showing a 173,000-increase compared with May.

The American Payroll Association said it conducted the online survey of 30,600 people from May to early September.

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