by Structured Settlement Watchdog
Peachtree Financial has a Trick that seems like a Treat until you get up close and smell the buzzard's breath pecking you away to the bone.
"Unsure if your paycheck will last until the end of the month? #ThursdayTruth Nearly 80% of American workers report that they are living paycheck to paycheck. #PeachtreePeople can help with a lump sum of cash for your #structuredsettlement, so you can stop worrying and relax!" tweets Peachtree, a member of the JG Wentworth family.
- You're living paycheck to paycheck
- Peachtree is going to give you pennies on the dollar for your structured settlement paycheck
- You will have less income or possibly no income to replace the income that was already tight.
If you are seriously thinking about selling structured settlement payments for pennies on the dollar, please be sure to first stop and think and then read this first.
Speaking of the trick and the tweet, Peachtree Financial cited statistics from a 2017 survey (various news outlets used it in publications in or about January 2019)
In 2017, CareerBuilder found that 78% of U.S. workers were living paycheck to paycheck. According to Forbes, for whom author Zack Friedman used it in a January 2019 article, this number may be further exacerbated by the federal government shutdown, which resulted in more than 800,000 federal employees not receiving paychecks. According to the 2017 survey, CareerBuilder, a leading job site, found some startling statistics related to debt, budgeting and making ends meet.
- Nearly one in 10 workers making $100,000+ live paycheck to paycheck
- More than 1 in 4 workers do not set aside any savings each month
- Nearly 3 in 4 workers say they are in debt - and more than half think they always will be
- More than half of minimum wage workers say they have to work more than one job to make ends meet
- 28% of workers making $50,000-$99,999 usually or always live paycheck to paycheck, and 70% are in debt.
The survey also found that 32% of the nearly 3,500 full-time workers surveyed use a budget and only 56% save $100 or less a month.
59% Live paycheck to paycheck
44% usually carry a credit card balance or struggle to keep up with bills/payments
38% have built up an emergency fund
$483 average non-essential spending each month