• Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release

Subscribe to Updates

Get the latest USA News and updates directly to your inbox.

What's On
Video: Steven Skybell Reveals What Lies Beneath AFTERMATH

Video: Steven Skybell Reveals What Lies Beneath AFTERMATH

October 14, 2026
Pope has ‘peaceful’ night in hospital following surgery, Vatican says

Pope has ‘peaceful’ night in hospital following surgery, Vatican says

October 14, 2026
Lindsay Clancy mistrial holdout juror speaks out, says he had ‘a lot of evidence’ for conviction

Lindsay Clancy mistrial holdout juror speaks out, says he had ‘a lot of evidence’ for conviction

October 14, 2026
Vance takes aim at soft-on-crime Dems as GOP faces uphill midterm battle: ‘lost their minds’

Vance takes aim at soft-on-crime Dems as GOP faces uphill midterm battle: ‘lost their minds’

October 14, 2026
Dems call Trump ‘a total failure’ over inflation as White House cites economic growth

Dems call Trump ‘a total failure’ over inflation as White House cites economic growth

October 14, 2026
Facebook X (Twitter) Instagram
Just In
  • Video: Steven Skybell Reveals What Lies Beneath AFTERMATH
  • Pope has ‘peaceful’ night in hospital following surgery, Vatican says
  • Lindsay Clancy mistrial holdout juror speaks out, says he had ‘a lot of evidence’ for conviction
  • Vance takes aim at soft-on-crime Dems as GOP faces uphill midterm battle: ‘lost their minds’
  • Dems call Trump ‘a total failure’ over inflation as White House cites economic growth
  • Mariners Reportedly Targeting 4 Managers With Championship Pedigree
  • Pope Leo undergoes blood tests, X-ray following cancer surgery, Vatican says
  • Payday pressures are pushing workers to tap into their savings, new survey suggests
  • Privacy Policy
  • Advertise
  • Contact
US Times MirrorUS Times Mirror
Newsletter
  • Home
  • News
  • World
  • Business
  • Politics
  • Tech
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Travel
  • More
    • Web stories
    • Trending
    • Press Release
 Weather Login
US Times MirrorUS Times Mirror
Home » Payday pressures are pushing workers to tap into their savings, new survey suggests
Lifestyle

Payday pressures are pushing workers to tap into their savings, new survey suggests

staffstaffOctober 14, 202611 ViewsNo Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
Payday pressures are pushing workers to tap into their savings, new survey suggests

More than one quarter of American workers (27%) have unexpectedly had to move money out of their savings account in the last day, per new research.

And a little more than one in 10 (12%) have done so in the last few hours, according to the survey of 1,000 hourly and 1,000 salaried workers, which found that most of those polled have a savings account (92%).

The study revealed that hourly workers are drawing down their savings to make it to payday, and while building savings may be a top financial goal, many are struggling to keep that money in the bank.

The study revealed that hourly workers are drawing down their savings to make it to payday, and while building savings may be a top financial goal, many are struggling to keep that money in the bank. anna.stasiia – stock.adobe.com

Though 84% of workers polled said that building savings is one of their top financial goals, savings habits also differ dramatically between demographics. Just 5% of salaried workers have had to dip into savings within the last few hours, compared to the 20% of hourly workers who have done so in that same timeframe.

In the survey, more than half of hourly workers (55%) also said they withdraw money from savings on a weekly basis, totaling an average of $216 per month.

And the money isn’t necessarily going toward major emergencies. Over one-third (34%) of hourly workers said they’ve tapped their savings for everyday necessities such as groceries, medications, and gas.

More than one quarter of American workers have unexpectedly had to move money out of their savings account in the last day, per new research. SWNS

The study, conducted by Talker Research on behalf of Chime, surveyed workers about their financial health, savings habits and the tools they use to manage their money. The findings point to a disconnect between workers’ desire to build savings and their ability to leave that money untouched, especially among those paid hourly.

“Hourly workers aren’t telling us they don’t want to save. They’re telling us they can’t keep their savings saved,” said Bill Gartland, head of go-to-market at Chime Enterprise. “When money set aside for the future repeatedly has to cover groceries, medication or the days before payday, it becomes much harder to build a financial cushion.”

The strain doesn’t necessarily end when the workday begins. Hourly workers surveyed estimated that they spend 20 hours per week distracted by financial issues or concerns.

Over one-third of hourly workers said they’ve tapped their savings for everyday necessities such as groceries, medications, and gas. SWNS
SWNS

Highlighting this, two-thirds of eligible hourly workers (66%) have taken a 401(k) loan or hardship withdrawal at least once.

When hourly workers with little or no savings were asked how having $1,000 saved would affect their lives, their responses included “feel more mentally stable,” “less stress in my life” and simply “everything.”

The research also explored whether the way hourly workers access their pay could affect their ability to save. Among all respondents with employer-sponsored earned wage access (EWA), 86% said that access makes it easier for them to save.

And when EWA was paired with a savings account, 92% of respondents with those features said it helps them save more. SWNS

And when EWA was paired with a savings account, 92% of respondents with those features said it helps them save more.

There may also be implications for the workplace. Hourly workers who are able to save from their paycheck reported greater job satisfaction (74%), productivity (75%), and likelihood of staying with their employer (72%). Nearly three-quarters (74%) also reported greater participation in their retirement fund.

Despite the challenges, hourly workers remain optimistic about their ability to build a financial cushion. The average hourly worker surveyed hopes to increase their savings by 42% over the next five years.

Among all respondents with employer-sponsored earned wage access (EWA), 86% said that access makes it easier for them to save. SWNS

“The findings suggest that when you give American workers access to the right tools, it’s much easier for them to save and to keep saving,” said Gartland. “The bigger opportunity with earned wage access is helping workers manage the gap between paychecks while still building savings for the future. Over time, the goal should be needing that early access less, not more.”

Research methodology:

Talker Research surveyed 1,000 hourly and 1,000 salaried workers who have access to the internet; the survey was commissioned by Chime and administered and conducted online by Talker Research between Sept. 3 and Sept. 8, 2026.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Bryan Johnson’s girlfriend is tracking her own ‘nighttime erections’ — with a special ‘techno tampon’

Bryan Johnson’s girlfriend is tracking her own ‘nighttime erections’ — with a special ‘techno tampon’

American Airlines cancels all flights to 3 major travel destinations —citing geopolitical unrest

American Airlines cancels all flights to 3 major travel destinations —citing geopolitical unrest

Social Security recipients to get cost of living boost — here’s how much more you’ll receive each month

Social Security recipients to get cost of living boost — here’s how much more you’ll receive each month

Pep talk: Buzzy peptide potions trick your skin into reversing the signs of aging

Pep talk: Buzzy peptide potions trick your skin into reversing the signs of aging

0 doggie wedding gowns debut in the first David’s Bridal pet wedding collection: ‘They are family’

$300 doggie wedding gowns debut in the first David’s Bridal pet wedding collection: ‘They are family’

Everybody wants (more) Justine Lupe

Everybody wants (more) Justine Lupe

TV legend Lisa Rinna dishes on her understated opulence

TV legend Lisa Rinna dishes on her understated opulence

Youngest NASA astronaut to walk the moon says UFOs are ‘demonic’ aircraft sent by the devil

Youngest NASA astronaut to walk the moon says UFOs are ‘demonic’ aircraft sent by the devil

Exclusive | Meet the adults spending an ungodly amount to look like their prized American Girl dolls

Exclusive | Meet the adults spending an ungodly amount to look like their prized American Girl dolls

Add A Comment

Leave A Reply Cancel Reply

Latest News

Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Melbourne: All Refugees Held in Hotel Detention to be Released

Melbourne: All Refugees Held in Hotel Detention to be Released

January 11, 2021

Subscribe to News

Get the latest USA News and updates directly to your inbox.

Editor's Picks
Review: Record Shares of Voters Turned Out for 2020 election

Review: Record Shares of Voters Turned Out for 2020 election

January 11, 2021
EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

January 11, 2021
World’s Most Advanced Oil Rig Commissioned at ONGC Well

World’s Most Advanced Oil Rig Commissioned at ONGC Well

January 11, 2021
Facebook X (Twitter) Pinterest WhatsApp TikTok Instagram
2026 © US Times Mirror. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?