Depending on the survey, up to 74% of American workers are just getting by.
One of the latest hashtag games making the rounds on Twitter TWTR, +1.57% invites social media users to provide pithy and honest answers to this open-ended statement: “With my next paycheck I will…”
— 🌹ꪑꪊꪀꪖ🇨🇦 January 7, 2020 Many people noted that their income would be just enough to cover their bills and basic necessities until the next paycheck comes along.— Sammy is here 520 January 7, 2020 #WithMyNextPaycheckIWill be able to afford to go to work the next dayYa know...hashtag games and shit. pic.twitter.com/nn5BLTsaK9
Depending on the survey, that figure runs from half of workers making under $50,000 to 74% of all employees And almost three in 10 adults have no emergency savings at all, according to Bankrate’s latest Financial Security Index. And MarketWatch readers had a lot to say about this popular story from 2019, which showed how a $350,000 salary in an expensive city like San Francisco or NYC might barely qualify as middle class.So what’s happening? Stagnant wages coupled with a rising cost of living in many places has hurt some households. A recent Bankrate.com report found that half of American workers didn’t get a pay raise last year.
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