That percentage is up from the 75% who said they live paycheck to paycheck, according to a new CareerBuilder survey. This means that most take home pay is used to pay expenses with little or nothing left over for savings.
Women rather then men were likelier to live paycheck to paycheck at 81% compared to 75% for men. “…It’s a trait more common for those 34 and under,” says Rosemary Haefner, chief human resources office at CareerBuilder. “Living paycheck to paycheck and not being able to save for a medical emergency, career shift or other life changes can have a toll on financial and personal health--for young people, it’s also delaying working towards specific life goals.”