My Account

You control your data

We and our partners use cookies to provide you with our services and, depending on your settings, gather analytics and marketing data. Find more information on our Cookie Policy. Tap "Settings” to set preferences. To accept all cookies, click “Accept”.

Settings Accept

Cookie settings

Click on the types of cookies below to learn more about them and customize your experience on our Site. You may freely give, refuse or withdraw your consent. Keep in mind that disabling cookies may affect your experience on the Site. For more information, please visit our Cookies Policy and Privacy Policy.

Choose type of cookies to accept


These cookies allow us to analyze our performance to offer you a better experience of creating resumes and cover letters. Analytics related cookies used on our Site are not used by Us for the purpose of identifying who you are or to send you targeted advertising. For example, we may use cookies/tracking technologies for analytics related purposes to determine the number of visitors to our Site, identify how visitors move around the Site and, in particular, which pages they visit. This allows us to improve our Site and our services.

Performance and Personalization

These cookies give you access to a customized experience of our products. Personalization cookies are also used to deliver content, including ads, relevant to your interests on our Site and third-party sites based on how you interact with our advertisements or content as well as track the content you access (including video viewing). We may also collect password information from you when you log in, as well as computer and/or connection information. During some visits, we may use software tools to measure and collect session information, including page response times, download errors, time spent on certain pages and page interaction information.


These cookies are placed by third-party companies to deliver targeted content based on relevant topics that are of interest to you. And allow you to better interact with social media platforms such as Facebook.


These cookies are essential for the Site's performance and for you to be able to use its features. For example, essential cookies include: cookies dropped to provide the service, maintain your account, provide builder access, payment pages, create IDs for your documents and store your consents.

To see a detailed list of cookies, click here.

Save preferences

Zety’s Financial Habits & Health Survey Uncovers Layoff and Inflation Concerns

Create Your Resume Now

Our customers have been hired by:

On February 15, 2024, Zety surveyed 1,000 U.S.-based workers to better understand the relationship between people’s careers, financial situations, and spending habits.

Key findings of Zety’s Financial Habits and Health Survey:

  • Roughly two-thirds (60%) are trying to spend less because they're worried about layoffs.
  • Half (53%) are reducing their spending due to concerns about the cooling job market.
  • 85% say inflation has impacted their spending habits.
  • 42% say their financial situation is less stable today than last year.
  • 45% feel that they are underpaid.
  • For half (51%), their bonuses were non-existent or lower than expected.

Workers’ Worries and Spending Habits

finances and careers

Feeling growing money-related stress, people are trying to reduce spending. This shift is directly related to worries regarding layoffs and rising inflation. 

  • 6 in 10 are trying to spend less because they are worried about layoffs or job loss.
  • 53% claim they spend less due to concerns about the tight job market.
  • 85% admit inflation impacts their spending habits, with 48% trying to spend less and 37% cutting way back on their spending.
  • 68% will alter their summer vacation plans this year to save money.

Workers’ Financial Situation & Money-Related Challenges

finances and careers

  • More than 4 in 10 (42%) consider their financial situation less stable today than last year. 23% describe themselves as much less financially stable now compared to last year, and 19% as slightly less financially stable.
  • At the same time, 36% say their financial situation is about the same, and 22% report they are more stable financially in 2024 than they were in 2023.

Respondents also opened up on the top money-related challenges they face. Below is the full breakdown of their answers.

What have been your biggest financial struggles in the last 12 months?

  • Contributing to my savings account – 20%
  • Maintaining the same standard of living as in 2023 – 17%
  • Paying the bills on time – 16%
  • Paying off my credit card debt – 15%
  • Providing my family's basic needs, i.e. food, shelter, and clothing – 14%
  • Paying off medical debt – 6%
  • Paying off my student loan – 6%
  • Paying off my mortgage – 5%
  • Other – 1%

Only 1 in 20 claim they do not have any financial struggles in 2024.

Salary & Bonuses

Time to investigate salaries and bonuses.

  • Almost half (45%) of workers feel that they are underpaid (with 26% considering themselves as very underpaid and 19% as slightly underpaid)
  • On the contrary, 1 in 10 say they are overpaid (5% very overpaid, 5% slightly overpaid), and 45% believe they are paid fairly.

Additionally, for half (51%) of those surveyed, their bonuses came as an unpleasant surprise. They were either non-existent or lower than expected in 2023.

  • Nearly 1 in 5 (18%) did not get a bonus in 2023, even though they were expecting one.
  • For 18%, it was a little lower, and for 15%a lot lower than expected.

On a positive note, despite all the financial struggles, for a vast majority of employees, money is not the most important aspect of their professional lives. 69% of participants prioritize a good work-life balance over a higher salary. Respondents reported they would not accept a different job for a 30% or higher salary if they knew they would have a horrible work-life balance. Similarly, 57% would not accept such an offer if it meant having a toxic boss.

Some More Notable Findings to Mention

Digging deeper, we also discovered the following:

  • Pay transparency should be a modern workplace trademark. 66% of respondents wish companies posted the salary ranges of all their employees.
  • Salary range (26%), health benefits/insurance (17%), flexible schedule options (13%), and details about job duties (13%) are considered the most important information in a job posting (excluding job summary and minimum education/work experience).
  • Love may not always be blind, but it seems surprisingly trustful. And not bothered by such down-to-earth issues as money. 36% of participants admit they didn't know precisely how much debt their spouse had carried before they got married.

April is National Financial Literacy Month. Empower yourself in knowledge, try to turn worry into action, seize the reins of your finances, and chart a course toward brighter horizons.

Rate my article: finances and careers
Average: 4.8 (5 votes)
Thank you for voting
Dominika Kowalska, CPRW
Dominika is a job expert with a focus on career development and onboarding processes. At ResumeLab, she co-manages our team of career experts.

Similar articles