Living paycheck to paycheck

/Tag: Living paycheck to paycheck

Move over, financial wellness. It’s time for financial flexibility

It’s somewhat hard to believe that most employees today continue to live paycheck-to-paycheck. Despite the fact that Americans have recovered from the Great Recession a decade ago and that the unemployment rate is the lowest it has been in many years, employees are essentially making the same amount of money they did during the pre-recession

It’s time for corporations to recognize the financial fragility of their employees

The economy is good these days and many employers may believe their employees also are doing well financially, but this is not the case. There are two economies prevalent in society, and oftentimes our daily routines and biased views on the rest of the world mean we are not aware of that. The truth is

Panic Attack: Worker Financial Stress Costs Employers $500 Billion Annually

Another head-shaking survey making a case for employers to provide financial wellness programs for an all-too-big percentage of employees in productivity-sapping financial distress came out this week. While it boggles the mind that anyone making $160,000 a year still lives paycheck-to-paycheck, those people are apparently out there (probably holding the latest iPhone), and four in

What Is ‘Financial Literacy,’ And Why Does It Matter?

Americans aren’t saving enough for retirement. That’s a trite statement. Precisely how great the shortfall is, is in dispute, of course, as is the question of what remedies, if any, should be undertaken. But what’s the reason for this savings shortfall?  Discarding specifics like “no more traditional pension plans,” there are three potential reasons, each

8 in 10 Employees Live Paycheck to Paycheck — How You Can Help Them Break the Cycle

Counting down to payday is a stressful, but all too common practice. Unfortunately, an August 2017 CareerBuilder survey found that the vast majority (78 percent) of the 3,462 full-time U.S. workers polled said they live paycheck to paycheck. This isn’t just the employees’ problem. Financial stress hurts everything from productivity and performance to morale and satisfaction at