As the economy continues its slow move forward, millions of Americans are still struggling to feel the effects.
Though the economy of 2013 is in better shape than the economy of September 2008, no one is fully satisfied. Unemployment has dropped from 10 percent to just over 7 percent over the last three years, but numbers can also be tricky. The private sector has averaged a gain of over 160,000 per month in 2013, unfortunately many of the jobs are lower paying jobs like retail and the hospitality industry.
According to Career Builder, nearly one in four Americans like "paycheck to paycheck," struggling to make ends meet on a weekly basis. Currently 36 percent of Americans live "paycheck to paycheck," but it is down from 46 percent in 2008 and 40 percent in 2012.
"The number of U.S. workers dependent on their next pay day to make ends meet continues its decline from the height of the financial crisis, according to an annual CareerBuilder survey. Thirty-six percent of workers report that they always or usually live paycheck to paycheck, a recession-era low down from its peak of 46 percent in 2008. In 2012, 40 percent of workers reported they always or usually live paycheck to paycheck."
While the number of Americans living so close to the economic line has declined, it's still too high for a country as strong as the United States. The numbers for women living paycheck to paycheck are higher than men, 41 percent to 31 percent, but when it comes to age range, it's consistent. Between the ages of 25 to 44, 37 percent of Americans stated that they live paycheck to paycheck, and only slightly higher, 39 percent, for Americans ages 45 to 54. The number declines when looking at those 55 and older, with 32 percent reporting that they were so tight on their budget.
The economy is improving and the country is in better standing today than it has been since the financial collapse of 2008. With the stock market reaching record levels, American investment by the wealthy seems to improve by the day, but the majority of working Americans still seems to be struggling.