Allwork
JULY 18, 2022
Inflation is at a 41-year high and soaring gas prices are taking a toll across the country, with hourly workers bearing the brunt of these challenges — 81% reported that record gas prices have made it hard to pay other expenses. . In May 2021, commuter expenses accounted for only.23% 23% of all claims.
Allwork
JULY 22, 2022
A new survey shows that most hourly workers have little to no emergency savings as inflation continues to climb. . The survey from payment platform Branch found that 83% of 3,000 hourly worker respondents had less than $500 in emergency savings, while almost half said they had none at all. .
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Allwork
DECEMBER 14, 2022
However, in the face of inflation and an expected recession, a survey finds that employee desires are shifting. . According to a new survey from Betterment at Work, workers are more concerned about financial stability as they look to the future. There are various areas where financial insecurity stems from.
Success
APRIL 8, 2024
That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. A survey from Debt.com found that millennials carry the highest debt load—13% of that age group have accrued $10,000 to $30,000 in debt. have maxed out their credit cards to cover expenses due to inflation. in 2011 to 27.3
Allwork
OCTOBER 8, 2023
inflation, nearly tripled from 2020 to 2021, rising from 1.4% In order to keep up with everyday expenses, workers are having to find quick solutions, and having multiple jobs and side hustles seems to be one of the most popular options. The consumer price index, a key measure of U.S. Although it fell slightly to 6.5%
Allwork
MAY 4, 2023
Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. A new study from the University of Chicago’s Becker Friedman Institute disclosed that employees saved around two hours weekly in 2021 and 2022 through remote work.
Success
JULY 20, 2021
A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. So only adjust your emergency fund if your monthly expenses increase, you get a raise, or you gain dependents.
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