http://www.cbsnews.com/stories/2008/08/28/business/main4391088.shtmlSurvey Finds One-Third Of Americans Say They Don't Earn Enough To Make Ends Meet
NEW YORK, Aug. 28, 2008
(AP) American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.
When asked whether this is a bad time to find a quality job, 65 percent said it was, matching the level of the 2001 recession, according to the survey by Rutgers University's John J. Heldrich Center for Workforce Development.
With unemployment at 5.7 percent, the highest level since 2004, and weekly unemployment claims hitting a six-year high earlier this month, workers are worried about everything from their weekly hours to their total pay.
As for retirement, many agree with Ray O'Connell, 56, an editor of engineering and computer science journals in New York City. "Won't happen," he said.
The survey found one third of workers said they often don't have enough money to make ends meet.
About one-third of respondents say the amount they owe on credit cards exceeds their retirement savings; another 3 percent say their credit card debt would cancel out their retirement account, according to the random survey of 1,000 people, 587 of whom are in the labor force.
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