San Antonio-based PayrollOrg’s annual survey revealed that 77 percent of American workers still live paycheck to paycheck.
A majority of American workers are living paycheck to paycheck, according to an annual survey from San Antonio -based PayrollOrg. PayrollOrg’s 2024 “ Getting Paid In America ” survey concluded that 77 percent of employees in the nation “would experience financial difficulty if their paycheck were delayed a week,” according to a news release.
This is a one percent decrease from the 2023 survey. “With more than 70% of employees saying they will have difficulty making ends meet if a paycheck is delayed, it is critical that organizations ensure employees are paid with speed and accuracy, and consider programs which expedite wage access,” said Peter Klukken, head of Money Network at Fiserv. “Investing in payroll programs that enhance financial benefits for employees will help these organizations attract and retain the best talent in a competitive hiring market.” READ MORE: River Walk hotel, Texas man pay up to settle case of falling ketchup bottle that struck toddler The national organization of payroll professionals surveyed 36,729 individuals around the country. Results also indicated that 34 percent of respondents want earlier access to their wages, highlighting the “importance of flexible wage options in today’s workforce,” according to the release. “…This year’s survey confirms that wages and benefits — especially offering voluntary lifestyle benefits such as earned wage access— are critical to attract and retain an engaged workforce and that will continue as a key area of focus for businesses of all sizes and the American workforce,” said Tom Hammond, vice president of strategy, partnership, and business development at Paychex. PayrollOrg, which the San Antonio Express-News awarded as one of the Top Workplaces in town last year, offers educational resources to help “employees maximize earnings, boost take-home pay, and enhance savings through smart payroll adjustments,” according to the release.
Paychex Fiserv San Antonio Express-News Peter Klukken Tom Hammond American San Antonio Texas River Walk Getting Paid In America Money Network
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