‘Time to Redistribute Wealth’: 1% Thriving While 78% Living Paycheck to Paycheck

Labor News

Responding to the CareerBuilder report on Twitter, Randi Weingarten, president of the American Federation of Teachers, argued the results show the urgent need for "strong unions" and "an economy that works for us," not merely the wealthiest. (Photo: Steve Rhodes/Flickr/cc)

Reprinted from Common Dreams by Jake Johnson on August 25, 2017.

Top CEOs may be thriving, but most American workers are drowning in debt, saving little, and living paycheck to paycheck.

That’s according to a new report by CareerBuilder, which found that:

  • 78 percent of American workers are living paycheck to paycheck, up from 75 percent last year;
  • 71 percent of workers are in debt, up from 68 percent last year;
  • 56 percent believe their debt is unmanageable;
  • 54 percent of minimum-wage workers say they have to work more than one job to make ends meet.

The report’s findings—based on a survey of more than 3,400 full-time workers across various industries and income levels—suggest that the stock market boom President Donald Trump has so frequently flaunted has done little to help the workers he claims to support. …

Common Dreams 8/25

About Jeffrey Burman 3100 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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