Tag Archives: data

More Workers Financially Stressed

According to the 2017 Global Benefits Attitudes Survey released in late November by Willis Towers Watson, only about a third of all US employees are satisfied with their financial situation. The results demonstrate a reversal from improvements in employee attitudes since 2009.

Of the 4,983 participants surveyed in July and August, 59% say they worry about their future financial state, compared to 49% just two years ago.

A growing proportion, 34%, say current financial concerns—stagnate wages, health care costs, and the erosion of pension plan coverage—are negatively affecting their lives and ability to do their best work.

Seven out of 10 report high or above average stress levels and 30% describe their health as poor. In contract, those who have no money problems were in very good health (55%) or good health (35%), with just 5% reporting high stress.

minimum wage map

Why We Need to Raise Minimum Wage

The standard for measuring housing affordability used to be that your mortgage or rent should be about 30% of your income, leaving the rest to cover food, utilities, transportation, medical care, and other expenses. A new report from the National Low-Income Housing Coalition shows that in 2015, working 40 hours at minimum wage isn’t even enough to cover the rent of a one-bedroom apartment in any state. In only 13 states and Puerto Rico, can you afford that apartment on less than 60 hours a week, with the lowest number of hours being in Puerto Rico (48) and South Dakota (49). At the other end of the spectrum, you’d need to work at least 100 hours in Washington, DC, Maryland, or New Jersey to afford a one-bedroom apartment on the minimum wage.

The full report, titled Out of Reach, is available on the National Low Income Housing Coalition website: nlihc.org. Thanks to www.aflcio.org there is an easy to read map showing where each state stands.

minimum wage map