Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
November 29, 2014

Many Americans Face Financial Peril With a Job Loss

Gallup: Many working Americans would experience financial peril if they lost their current job, putting pressure on them to find a new job quickly. A substantial minority of U.S. workers say they could go just one week (14%) or one month (29%) before experiencing significant financial hardship if they lost their job.

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Implications: “With long-term unemployment a serious problem in recent years, many U.S. workers are not in a position financially to go a month, or even a week, without finding a new job if laid off. That underscores the economic hardship that unemployment of any length can bring on U.S. families, particularly for younger and lower-income workers.”

“Gallup estimates that about 9% of workers are especially vulnerable, in that they think it is at least fairly likely they will be laid off but do not have the financial means to go more than a month without finding new employment.”

  • Cedric

    This why talking about wages and economic security is a winner for Democrats across all key groups. With people like Paul Ryan trying to cut the social safety net this is an issue that should be front and center.

  • Yonatan YONATAN

    The worse cheaters currently in our country, are the politicians who have cheated the more than two million unemployed workers out of their extended unemployment benefits since last December. These politicians such as John Boehner, not only have cheated these poor unemployed families of their benefits, but have ruined their credit and financial lives in the process. These people have worked all of their lives, believing that the taxes being taken out of their weekly paychecks, may one day benefit them should they become unfortunately unemployed due to lay offs and downsizing. However after their 26 weeks were finished, they were left hung out to dry by the republican senators. Although billions of tax payer’s dollars recently was approved for the Ukraine, these families have received nothing but delay after delay, and promises after promises. Many of these families have lost their homes, have been evicted from their apartments, have become bankrupt, and homeless, While the politicians continue to play their “party politics” and using these families as bargaining chips and political leverage. It’s sad that the victims of the recession, which largely was the fault of the greedy banking and airline industries, amongst other large corporations, are made to feel that they’re asking for something that they really don’t deserve, such as financial help to support their families until they can find proper work again. Why does it seem that the government can always find the money to bailout companies, and for foreign aid, and personal raises, but not to help the most needy Americans in our country? We’re now going into 5 months of waiting and hoping for help to arrive in the form of an extension bill passing in the senate, and the Republicans are still not wanting to help these families. They have become so out of touch with the reality of the 99 percent of us in this country, that they have no clue of the amount of pain and damage that’s been caused with each passing day, week, and month that the extension isn’t passed for these families. My only solace is that in the next election in 2016, these millions of broken and hurt Americans will use their voting rights to vote all of these career politicians out from office for good. We need to bring back “public servants, not “public masters”.

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