Number of the day: inflation’s effect on emergency savings

This is a preview. View original post on this site

Thanks to rising inflation, more than eight in 10 hourly workers (83%) have less than $500 saved for an emergency, and nearly half (48%) have nothing saved for an emergency (48%)—a 7% increase from last year, according to new findings from Branch. The instant payment benefit firm—which surveyed more than 3,000 hourly employees across a variety of sectors including food service, logistics, retail and healthcare—found that workers cited gas/fuel (82%), food/groceries (82%) and home/rent prices (57%) as the areas of their personal finances most affected by inflation.

– Advertisement -googletag.cmd.push(function(){googletag.display(“div-gpt-ad-inline1”);});

What it means to HR leaders

As employees feel

Read Complete Article


Subscribe to Recruiting Headlines

* indicates required


»Need an ATS? Try JazzHR

»Cliquify: Employer Brand Platform

»Hire in 50 Countries with

»Free Rejection Email Templates

»Text Recruiting Software

»RecTech Live Webcasts

»HR Podcast Directory

»Recruiting Newsletters

»HR Tech News

»HR Jobs

»Diversity Hiring News

»Recruiter Ebooks