9:27 am August 27, 2012, by David Markiewicz
A new survey from the Georgia Credit Union Affiliates shows that nearly 9 in 10 Georgia members polled say they have significantly reduced their spending in the last year, yet two-thirds are still living paycheck to paycheck.
Among respondents, 46.6 percent cited their job status as the main factor affecting their spending, while 43.4 percent said their debt situation had the biggest impact.
Besides cutting their spending, 60.6 percent of those surveyed reported using coupons, 36.5 percent said they had eliminated vacations and 6.6 were car pooling to save money.
Still 58.4 percent said they couldn’t cover their basic expenses for more than three months if they lost their job or main income source.
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