Many Americans living paycheck to paycheck
WINSTON-SALEM, N.C. — Four in 10 Americans are living paycheck to paycheck, according to a survey released Tuesday by Allstate Insurance Company.
“Some people are living pay check to pay check and probably don’t have any better option,” said Ellen Kirland who has been looking for a job.
“If you go and you talk to companies it’s they don’t need help or they say we’ll call you back and they don’t call back.”
The research found the reasons are due to both the economy, and Americans living beyond their means.
“I know when I first moved here, it took me almost a year to find a job,” said Donna Johnson of Winston-Salem who wasn’t surprised by the survey results.
“I feel like the economy is tough and a lot of people don’t have a job and some people still live beyond their means.”
The survey conducted in mid-December concluded that of 1,000 Americans, 59% of people say they know how to handle money while 47% aren’t saving enough.