by Alexis Cala, PICurrent Assistant Producer
Courtesy of AlanCleaver_2000
With money and jobs in short supply, about six out of 10 U.S. workers are now living paycheck to paycheck to make ends meet, up from 49 percent last year. This is according to a new nationwide survey of over 4,400 workers by Career Builder.
The survey also shows that when paycheck-to-paycheck doesn’t cut it, one in five workers turn to their 401(k), IRA, or long-term savings to cover the gaps, leaving some workers uncertain about retirement and anxious to start rebuilding their safety net. But for those who don’t have anything left over, even putting a little money aside can seem impossible. With few options and unable to save, more workers are finding it difficult to keep up.
So how do you get out of the paycheck-to-paycheck cycle?
Budgets are tight and every penny counts these days, but there are things you can do to cover costs and still have a little extra to put away. Career Builder experts suggest you keep track of your spending, boost your income, and find new ways to start saving. Read our previous post on simple ways to cut back without cutting out all the fun, here. You can also visit The Beehive for help building a budget, free credit counseling, expert advice, and even more ways to save.
