Hourly employees face greater hurdles to save—nearly half have no emergency funds (via CNBCMakeIt)
A scene from NBC's "Superstore," starring America Ferrera as Amy , Ben Feldman as Jonah amd Kelly Schumann as Justine .Hourly employees can face a lot of challenges: fluctuations in weekly hours, unpredictable long-term schedules and limited benefits. Those hurdles are not just an inconvenience, they can affect financial stability.
Millennials may be particularly vulnerable because, unlike baby boomers, a significant number of these employees entered the workforce and started to build savings following the financial crisis, Branch CEO Atif Siddiqi tells"Especially with inflation outpacing wages, what millennial hourly employees earn today is essentially less than what hourly employees earned decades ago," he says.
shows that 14% of hourly workers at the 80 largest retailers report their employer cancelled their shift in the past month. Only 39% of these employees say they have regular work schedules.
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