Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Economy & Markets > Fixed Income

Thirty-One Percent Of U.S. Adults Worry About Job Security

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 7, 2003, 4:12 p.m. EST – Thirty-one percent of U.S. consumers feel insecure about their jobs, and 33% have decreased use of credit and debt because of worries about job security, according to Cambridge Consumer Credit Index Inc., Islandia, N.Y.

When researchers interviewed 1,000 adults for Cambridge Consumer over the telephone, they found that 46% of the participants still feel secure about their jobs, 16% are retired and 8% are unemployed.

Sixty-three percent of the participants with annual incomes over $75,000 still feel secure about their jobs, but only 26% of the participants with annual incomes under $25,000 feel secure.

In other results, Cambridge Consumer found that only 4.4% of the consumers who called it for credit counseling services in September blamed big medical bills for their debt problems. Twenty-three percent blamed a reduction in income resulting from salary cuts, reductions in wages or layoffs. Eleven percent blamed overspending, and 2% blame recent divorce or widowhood.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.