Six-in-Ten Workers Live Paycheck to Paycheck, Reveals New CareerBuilder Survey

--Expert Offers Tips for Making Ends Meet in Tough Times--

CHICAGO, Sept. 16 /PRNewswire/ -- Counting down the hours until payday? You're
not alone. As the economic downturn trudges on, many workers are struggling
with household budgets. Six-in-ten (61 percent) workers report they always or
usually live paycheck to paycheck just to make ends meet, up from 49 percent
last year and 43 percent in 2007. This is according to a new nationwide survey
of more than 4,400 workers by CareerBuilder. Three-in-ten (30 percent) workers
with salaries of $100,000 or more report that they too live paycheck to
paycheck, up from 21 percent in 2008.

Some workers are making ends meet by dipping into their long-term savings.
More than one-in-five (21 percent) workers say they have reduced their 401(k)
contributions or personal savings in the last six months to get by. Looking at
workers earning six figures or more, a nearly equal number (23 percent) report
that they have also reduced their 401(k) or savings.

While some workers are tapping into their long-term accounts, others are
having a hard time saving anything at all. More than one-third (36 percent) of
workers say they do not participate in any programs such as 401(k), IRAs or
retirement plans, up from 31 percent in 2008. In addition, one-third (33
percent) report that they don't put any money aside into their savings each
month, up from 25 percent in 2008, while 30 percent set aside $100 or less per
month for savings and 16 percent save less than $50.

"Workers are employing a variety of tactics to help make ends meet in this
economy," said Rosemary Haefner, vice president of human resources for
CareerBuilder. "Whether it's by keeping a tighter budget, finding ways to
bring in additional income or adjusting their savings strategies, workers are
doing their best to weather the current storm. These good financial habits
will not only help workers in the short-term, but better position them for the
future."

Haefner offers the following tips for riding out the economic downturn and
preparing for the future:

Keep track of spending - Create a spreadsheet to analyze what you spend each
month, including the money spent on those inevitable invisible expenses, such
as a morning coffee, cab ride or afternoon snack. Once you can see where your
money goes, you can clearly see where you can cut back.

Boost your income - One-in-ten workers report taking on a second job in this
economy to help make ends meet.* Ask yourself if this is something you can
handle on top of your current job and then pursue some viable options. Check
out sites like www.sologig.com for contract and freelance opportunities.

Speak up - Talk to your HR department and see what is available to help you
save on your monthly expenses. Even though times are tough, companies are
still offering flexible spending accounts, wellness benefits, retail
discounts, transit reimbursement and more.

*Stat from CareerBuilder's Q2 2009 Job Forecast

Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive((C)) on
behalf of CareerBuilder.com among 4,478 U.S. workers (employed full-time; not
self-employed; non government); ages 18 and over between May 22nd and June
10th, 2009 (percentages for some questions are based on a subset of US
Employees, based on their responses to certain questions). With a pure
probability sample of 4,478 one could say with a 95 percent probability that
the overall results have a sampling error of +/- 1.46 percentage points.
Sampling error for data from sub-samples is higher and varies.

About CareerBuilder(R)
CareerBuilder is the global leader in human capital solutions, helping
companies target and attract their most important asset - their people. Its
online career site, CareerBuilder.com(R), is the largest in the U.S. with more
than 23 million unique visitors, 1 million jobs and 31 million resumes.
CareerBuilder works with the world's top employers, providing resources for
everything from employment branding and data analysis to talent acquisition.
More than 9,000 Web sites, including 140 newspapers and broadband portals such
as MSN and AOL, feature CareerBuilder's proprietary job search technology on
their career sites. Owned by Gannett Co., Inc. (NYSE: GCI), Tribune Company,
The McClatchy Company (NYSE: MNI) and Microsoft Corp. (Nasdaq: MSFT),
CareerBuilder and its subsidiaries operate in the U.S., Europe, Canada and
Asia. For more information, visit www.careerbuilder.com.

Media Contact:
CareerBuilder
Allison Nawoj
773-527-2437
allison.nawoj@careerbuilder.com
http://www.twitter.com/CareerBuilderPR

SOURCE CareerBuilder

Allison Nawoj of CareerBuilder, +1-773-527-2437,
allison.nawoj@careerbuilder.com, http://www.twitter.com/CareerBuilderPR