| SAN ANTONIO, Sept 19
SAN ANTONIO, Sept 19 More than two-thirds of
Americans are now living paycheck to paycheck, according to a
survey released on Wednesday by the American Payroll
The survey of 30,600 people found that 68 percent said it
would be somewhat difficult or very difficult if their paychecks
were delayed for a week. These results show Americans are still
struggling with the recession's effects, the association said.
"This study clearly shows that Americans are finding it hard
to save," said Dan Maddux, executive director of the San
Antonio-based association of payroll managers.
In 2006, 65 percent of respondents reported living paycheck
to paycheck, a figure that shot up to 72 percent in 2010 in the
wake of the recession.
The survey was released during a week when a video of
Republican Mitt Romney sparked a national conversation about the
47 percent of Americans who, Romney told donors, don't pay
income taxes and are dependent on government.
Tracy Martinez knows the feeling of living paycheck to
The San Antonio woman has a college degree. She and her
husband both work, but Martinez still holds her breath that she
won't have any emergencies come up, especially in the days right
"It seems like all the money goes away so quickly," she
said. "It's kind of scary."
Wendy Kowalik, president of the San Antonio financial
planning firm Predico Partners, called the study "disturbing,
but not surprising."
Saving money is becoming more difficult, if not impossible,
for more U.S. workers, Kowalik said.
"All of us in the industry are seeing it more often, that
more and more clients are unable to save for the future," she
The main reason Kowalik's clients live paycheck to paycheck
is that they have come to see luxuries as essential expenses,
"Cable used to be a luxury. Now it's expected," she said.
"People have an expectation that they should have a mobile
phone, you should be able to have the Internet. People are going
to have to change their outlook and put things into
The American Payroll Association, a trade group for more
than 20,000 people who prepare checks, said it conducted the
online survey between May and Sept. 7. It had a margin of error
of plus or minus 1 percent.