78 percent of workers live paycheck to paycheck

78 percent of workers live paycheck to paycheck

Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder. overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago, CareerBuilder said.

While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month, according to CareerBuilder. The job-hunting site polled over 2,000 hiring and human resource managers and more than 3,000 full-time employees between May and June. Full Story

The solution is very simple:

Don’t compete with the Joneses

Live 1-2 standards below your means

Don’t buy crap you don’t need with money you don’t have. Learn to enjoy the simple things in life and for heaven’s sake don’t compete with the Joneses; its a recipe for disaster.  If you follow these simple steps it not only improve your life but also helps you eliminate a lot of your outstanding debt.

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