The 41 percent of American's living payday-to-payday still insist on leisure items
There are some things that people aren't willing to live without, even in a financial crisis. About 24 percent weren't willing to hand over their cell phone or the Internet, driving and cable TV, reported the survey
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Although 41 percent of Americans live paycheck-to-paycheck, they see Internet access as a necessity according to a survey conducted by Harris Interactive on behalf of CareerBuilder.
Some 57 percent of those responding said they still wouldn't give it up despite financial concerns. About 24 percent of those surveyed weren't willing to hand over their cell phone or give up Internet access, driving and cable TV, the survey reported.
Each age group up to the "55 and older" segment hit the 40 percent mark for living payday-to-payday. This means less money is going towards their retirement, according to the report.
Only 11 percent of Americans manage to save between $251 and $500 each month, while more than a quarter empty their bank account each month, according to the infographic.
Email: ehong@desnews.com
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The basic problem with personal finances in America is that people no longer understand the differences between needs and wants. Some people think that cable/satellite TV, broadband internet, a late-model car, and a smart phone (like the first More..
Some people are still slow to come along in the information age huh? A cellphone is not a luxury anymore. You can't keep a job without communication. Even flipping frys requires that your boss can call you in nowdays.
Even at More..
@Freedomingood: Wrong, they do not need a smartphone or a computer. If they truly need to be contacted, they can have an inexpensive plan for only phone calls. They do not need a computer; and if they truly need email access, they can go to a More..