Employees’ financial troubles push employers to rethink the typical payday

For many U.S. workers, meeting daily financial needs, let alone long-term spending goals, can be a struggle.

A frequently cited 2017 report from recruiting firm CareerBuilder showed 78% of U.S. workers live paycheck to paycheck to make ends meet. But even those with higher annual earnings aren’t necessarily exempt: 28% of workers making between $50,000 and $99,000 per year said they “usually or always” live paycheck to paycheck, and the same was true for 9% of respondents in the survey with incomes of $100,000 per year or more.

This also shows up when analyzing an employee’s ability to do long-term financial planning. A separate 2017 survey by advisory firm Willis Towers Watson found that more than one-third (37%) of…

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Credit to Ryan Golden for the original post.

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