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Hourly workers are increasingly feeling the long-term impact of high inflation, high interest rates, and limited purchasing power, according to a new survey from Deputy, a global people platform for hourly work.
The San Francisco-based company's new "State of Hourly Work Report" — based on survey responses from more than 1,000 hourly workers in the United States — indicates 21% of hourly workers are unable to cover their current living expenses, while 41% manage to cover expenses but live paycheck to paycheck. Gender disparities further complicate this picture, with 23% of women and 15% of men unable to meet their financial needs. Meanwhile, 35% of women and 44% of men can cover expenses and have money left over each month.
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