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herr_0berst[ via CNBC ] The study looked at the effects of the 2013 government shutdown on nearly 7,000 federal workers – both those affected by the shutdown and not – along with more than 90,000 non-federal workers.
The researchers found that the median worker in the study had only enough cash or other liquid assets to cover just eight days of their average household spending. That cushion fell to just five days of spending just before payday. The bottom third of the group had, on average, a combined checking and savings account balance of zero on the day before their paycheck arrived.
The researchers found that the median worker in the study had only enough cash or other liquid assets to cover just eight days of their average household spending. That cushion fell to just five days of spending just before payday. The bottom third of the group had, on average, a combined checking and savings account balance of zero on the day before their paycheck arrived.
