Study: Income not as plentiful during holiday season
Posted on October 19th, 2011 Read time: 1 minutes
According to a recent survey from CouponCabin, 45 percent of U.S. adults will have difficulty affording holiday gifts this year. Tighter wallets have led more than 20 percent to say they'll be getting a second job to supplement their current income.
The study, held between October 7 and 11, surveyed more than 2,200 adults. And while nearly 50 percent of respondents stated they'll have trouble purchasing gifts, an additional two-thirds said they expect to have more problems with holiday spending this year compared to last year.
"The holidays are a wonderful time of year for numerous reasons, but for many people, the extra expenses can put a strain on their financial situation," said Jackie Warrick, president and chief savings officer at CouponCabin.com. "Holiday obligations, such as buying gifts, entertaining and traveling can add up very quickly."
Becoming a temporary worker at a retailer that's hiring for seasonal positions may be an option for those in need of additional income.
ABC News reports that a large number of well-educated individuals in their 40s and 50s have recently begun swallowing their pride and applying for seasonal jobs at Halloween stores or large retailers.
Related Articles
Posted on October 19th, 2011 Read time: 1 minutes
According to a recent survey from CouponCabin, 45 percent of U.S. adults will have difficulty affording holiday gifts this year. Tighter wallets have led more than 20 percent to say they'll be getting a second job to supplement their current income.
The study, held between October 7 and 11, surveyed more than 2,200 adults. And while nearly 50 percent of respondents stated they'll have trouble purchasing gifts, an additional two-thirds said they expect to have more problems with holiday spending this year compared to last year.
"The holidays are a wonderful time of year for numerous reasons, but for many people, the extra expenses can put a strain on their financial situation," said Jackie Warrick, president and chief savings officer at CouponCabin.com. "Holiday obligations, such as buying gifts, entertaining and traveling can add up very quickly."
Becoming a temporary worker at a retailer that's hiring for seasonal positions may be an option for those in need of additional income.
ABC News reports that a large number of well-educated individuals in their 40s and 50s have recently begun swallowing their pride and applying for seasonal jobs at Halloween stores or large retailers.
