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Almost a THIRD of US workers can’t live on their paychecks, spelling doom for a service economy based on discretionary spending

26 71 344
13.02.2020

Some 32 percent of US workers are unable to stretch their salaries to cover their needs, according to a survey published on Tuesday by Salary Finance. Nor is this inability to make one’s paycheck last limited to poor and working-class individuals - the poll queried over 2,700 adults working for medium- to large-sized companies about their finances and found that even among those making over $200,000 annually, 32 percent “always” or “most of the time” ran out of cash before payday.

Certainly, the insufficient-funds problem is more severe for those making under $15,000 per year - fully 40 percent, or two in five, are unable to make ends meet on that salary. But no matter how high up the pay scale one goes, the problem stubbornly refuses to vanish.

When “living paycheck to paycheck” - once the hallmark of the stressed-out working poor - becomes an aspirational goal, it’s clear the US economy is in trouble. But this isn’t a bolt out of the blue: a 2019........

© RT.com