Facebook Twitter LinkedIn
Register for our daily updates!


Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

Click to see the full profile


Share |

American Workers Still Concerned Over Job Security: Gallup Poll

Forty-three percent of American workers are worried about their job benefits.

| BY Kent McDill

Concerns over job benefits and job security continue to plague the American workforce, according to a survey from Gallup Poll.

From Gallup’s annual August Work and Education poll, results show that 43 percent of American workers are concerned about having their benefits reduced, and that has consistently been the No. 1 concern since the economic downturn of 2008.

Thirty-one percent of American workers are concerned their wages will be reduced, and 29 percent worry that they will be laid off. Twenty-five percent report concern that their hours will be cut back, which corresponds to a concern over lower wages.

But there are concerns that are greater now than they have been in the past for American workers. Asked if they are concerned that their jobs might be moved overseas, 11 percent said they were concerned about future outsourcing, and that number has risen since the 2009 poll.

Gallup measures its current numbers to the August poll from 2008, which was one month before the economic downturn had its unofficial start. In that 2008 poll, only 15 percent of American workers were concerned about being laid off to 29 percent today.

According to a Millionaire Corner study of Mass Affluent investors with a net worth between $100,000 and $1 million, 42 percent said they are concerned about losing their job, or about their spouse losing his or her job. Seventy percent said they were concerned about maintaining their current financial position, and maintaining a job would certainly impact that.  

Among low-income Americans - those making less than $30,000 - 44 percent have concerned about being laid off. Among those with income between $30,000 and $75,000, it is 32 percent.

Back in 2008, 19 percent of non-white American workers were concerned about being laid off, but today 39 percent of non-whites are worried about their job security. Segmented by age, those American workers between the ages of 35 and 54 report the greatest amount of concern about maintaining their job (32 percent).



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.