STOCKHOLM, Sweden, November 18 /PRNewswire/ --
- Fifteen Percent of Workers Save Nothing Each Month -
As the country faces an economic slowdown amidst global market uncertainty, workers are stretching their paychecks more than ever. Nearly a quarter of workers (23 percent) say they always or usually live paycheck to paycheck just to make ends meet, according to a new survey of more than 550 workers by Jobbguiden.se.
The struggle from pay period to pay period makes planning for the future difficult. Fifteen percent of workers say they don't put any money aside for savings each month. Of those who do save, 62 percent of workers set aside 1500 Kroner or less a month for savings, and 33 percent save 600 Kroner or less. Additionally, 29 percent of workers say they do not participate in any programs such as 401k, IRAs or retirement plans.
Thirty-four percent of workers say they would need up to an additional 4500 Kroner per paycheck to live comfortably. Eleven percent say they have to work more than one job to keep up with monthly expenses.
Comparing genders, more female workers (30 percent) say they always or usually have to live paycheck to paycheck, compared to males (18 percent). More men (88 percent) than women (81 percent) say they save some portion of their paycheck each month, while 58 percent of women claim to have a set budget, compared to 51 percent of men.
Survey Methodology
This survey was conducted online within Sweden by Harris Interactive on behalf of Jobbguiden.se among 589 Swedish employees (employed full-time; not self-employed) ages 18 and over between June 5 and June 27, 2008, respectively (percentages for some questions are based on a subset Swedish Employers or Employees, based on their responses to certain questions). With a pure probability sample of 589 one could say with a 95 percent probability that the overall results have a sampling error of +/- 4.04 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.
About Jobbguiden.se
Jobbguiden.se is one of Sweden's largest job sites and a subsidiary of CareerBuilder.com, the leading online job site in the U.S. The company offers Internet solutions within job postings, career advice and Employer Branding for both employers and job seekers. The site was launched in 2004 and has since then helped thousands of employers to connect with job seekers within all categories of work. Jobbguiden.se has a number of partnerships and powers the career sites for many other big Swedish web sites, both broad and niche sites, in order to reach as many job seekers as possible. For more information about Jobbguiden.se, visit http://www.jobbguiden.se.
Media Contact: Jobbguiden.se Jenny Lovgren +46(0)8-522-167-51 Jenny.Lovgren@jobbguiden.se
Jenny Lovgren of Jobbguiden.se, +46-08-522-167-51, Jenny.Lovgren@jobbguiden.se
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