Staggering Numbers Regarding Paycheck to Paycheck Living - WNKY.com | SoKY Community, Events, Weather

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Staggering Numbers Regarding Paycheck to Paycheck Living

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Shantel Walker is a fast food worker and says she barely makes enough to scrape by.
 
In a new survey from CareerBuilder.com, 78% of workers say they are living paycheck to paycheck to make ends meet – up from 75% last year.
 
CareerBuilder’s Michael Erwin says a higher cost of living and stagnant wages are hitting workers across the board. Even 1 in 10 people earning more than $100,000/year say they're waiting for pay day to pay the bills.
 
Trimming monthly expenses can help, but the survey found most people are not willing to give up things like their home internet connection and smartphone. Erwin advises people to negotiate their bills to lower interest rates & monthly payments.
 
Walker found one way to save money – pedal power. She rides a bike to work, saving transportation expenses.
 
She's now working to get a raise at her job and more hours, hoping that will put her on the road to financial security.
 
The survey found woman are more likely than men to live paycheck to paycheck.
 

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