What hourly workers are doing to get by

Four in 10 hourly workers say that living paycheck to paycheck would be an upgrade from their current financial situation, according to a new study.

Commissioned by DailyPay and conducted by Talker Research, the survey of 2,000 American workers who get paid on an hourly basis, with a quota for 1,000 Gen Z workers and 1,000 retail workers, found that 39% would see living from paycheck to paycheck as an improvement in their finances.

Digging into hourly workers’ dire financial circumstances, almost half (44%) have overdrafted their bank accounts in the last month.

Thirty-eight percent currently have less than $1,000 in their bank accounts and a fifth (19%) have taken out a loan in the last year to make ends meet financially.