Since the housing crash in the latter end of the 2000′s, and the subsequent economic recession, people find themselves more thankful to have a job than to be without one. However, three or four years since that time, not everyone that kept a job during is quite as satisfied as they should be with their current rate of pay.
Recent statistics from August, 2012, report that the average hourly rate dropped by a penny. But what’s a penny anyways? After 40 hours a week for 52 weeks a year, that only equates to about $20.80 a year. That’s not even enough to pay for a month’s cable subscription. Why should that reflect poorly on the average working man’s attitude?
The reason this is upsetting so many is that it reflects a downward trend in pay rates across the nation. Not only are people not getting raises, but more often than not, they are actually receiving pay cuts. When applied to 150 million working Americans, they are losing as a whole, $12.5 billion dollars in August. That’s a lot of money providing that businesses aren’t all in the same trouble that they used to be.
A problem this represents is that if this trend continues, we could all be penny pinching again before too long. For this reason, it is best to start saving now for another rainy day if you haven’t already. Even if all you can do is save a penny here, or a dollar there. Having some kind of savings will be better than none at all.
If you’re looking for a good way to save more quickly, you can sell any gold possessions you don’t plan on keeping around to Check City. We can offer you excellent rates for your precious metals and will give you cold cash that you can save for your gold.