Four in 10 works an hour say Living paycheck for paycheck would be an update from their current financial situation, according to a new study.
The survey of 2,000 US workers paid on the basis of the clock, with a quota for 1,000 General Z and 1,000 retail workers, found that 39% would see living from Paycheck to pay as an improvement in their finances.
Excavation in the financial circumstances of hours, nearly half (44%) have overlapped their bank accounts in the last month.
Thirty -eight percent currently have less than $ 1,000 in their bank accounts, and one fifth (19%) received a loan in the last year to make it financially.
Ordered by the Dailypay and carried out by Talker Research, the study examined the financial well -being of work per hour, the length they went to stay at sea financially in the past year, and how challenging times have adversely affected their mental health.
The results found that more than one -third of the clock (34%) rely on more than one job to get.
However, long hours and side haste do not solve employee problems. Many have had to use extreme measures to make enough money.
One respondent shared, “I have recently sold my shoes and PS5 to create an additional source of income” while another admitted, “I went diving into the dumpster looking for things to sell.”
To save money between salaries, many (38%) have canceled various subscriptions, while nearly one -third (31%) said they should refrain from buying nothing literally while waiting for their future salary.
Seeing how all this has affected workers’ well -being, one person said, “My mental health is worse than it has ever been, and as a result, my physical health is also rapidly.”
Another common, “Financial battles have affected not only my well -being but also the relationships around me. It is clear to keep a social life when you have no money.”
It is not surprising that half (50%) think their financial health is out of their control.
Nearly one in three (32%) have had difficulty paying their bills in time in the past year, and 29% received a “second past” notice for a bill.
Another quarter (28%) had to borrow money from friends and rely on financial support from the family to get simply.
“That workers living paying salary to pay, many of whom are employees per hour, paying each week or even daily is preferable to other types of salaries,” said Cary Carbonaro, certified financial planner and author of “Women and Property”. “For many works per hour, their main advantage is simply to meet their short -term need, such as buying food items and paying rent, which is where the question can help.”
One in two hours per hour (50%) have limited access to their salaries between pay periods.
Seeing how the questions in the question can change their financial health for those who do not already have it, most of the schedule (78%) thinks that the payment in question would improve their finances.
Forty percent of those who say that the question payments would allow them to pay for daily needs when they really need them, 31% think they would make them more secure financially in general, and 30% believe they would help them enjoy their lives in general.
For those who already have access to their own salaries, they have helped them allow things such as groceries and toilets (22%), pay their bills in time (20%) and reduce their financial stress (15%).
Survey Methodology:
Talker’s research surveyed 1,000 retail workers (of any age) with one -hour salary and 1,000 ENG employees with one wage per hour from each work sector; The survey was ordered by the Dailypay and was administered and carried out online by Talker Research between May 13 and 21 May 2025.
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