Benefits June 25, 2009
16% of Laid Off Workers Are Tapping into Savings
June 25, 2009 (PLANSPONSOR.com) - To make ends meet,
23% of laid off workers surveyed reported they are collecting
unemployment or other financial aid, while another 20% are
cutting back on spending outside of necessity.
Reported by Rebecca Moore
However, nearly as many (16%) said they are tapping into their savings, according to a CareerBuilder.com press release. Twelve percent said their spouse or significant other is supporting their household.
To fill their increased amount of spare time, 22% of respondents indicated they are spending more time with family and friends as they look for new employment opportunities.
Other ways laid off workers said they are making the best of a difficult situation, according to the announcement, include:
- 15% are fixing up their homes,
- 14% are exercising more,
- 11% are finally taking time to relax,
- 8% are volunteering,
- 7% are going back to school,
- 6% are becoming more involved in their church community,
- 4% are starting their own business,
- 4% are taking up new hobbies, and
- 3% are traveling.
More than 1,800 laid off workers participated in the nationwide survey completed in June.
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