I just saw this off the web (credits due to Yahoo!). I felt compelled to post it. The reasons are obvious.
Many workers live paycheck to paycheck: survey
By Ellen Wulfhorst
Mon Mar 12, 4:43 PM ET
NEW YORK (Reuters) - Four out of 10 U.S. workers often or
always live from paycheck to paycheck, according to a survey
released on Monday.
Women are more likely to live paycheck to paycheck, at 47
percent, than men, at 36 percent, according to the survey
conducted for CareerBuilder.com, an online job site based in
Chicago. Overall, 41 percent of workers say they often or
always live paycheck to paycheck, it said.
Also, 41 percent of women say they do not have enough
income to live comfortably, compared with 29 percent of men.
U.S. government and other research reports have found that
women earn about 77 cents for every dollar earned by men for
comparable work. Women are also more likely to be single
parents.
The new survey said 19 percent of workers who earn $100,000
or more annually often or always live paycheck to paycheck.
It found 58 percent of respondents report they set a budget
each month. But one in five say they typically spend more than
their budget, most often blowing it by eating out.
The survey also said one in five do not set aside any money
for savings each month. Of those who do, 14 percent save $500
or more a month, 28 percent save $100 or less and 16 percent
save less than $50.
It said 26 percent of women do not set aside any savings,
compared with 17 percent of men.
The survey of 6,169 full-time adult workers was conducted
between November 17 and December 11, 2006 by Harris Interactive
and has a margin of error of plus or minus 1 percentage point.
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