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Kim Butler

Partners for Prosperity, Inc.

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I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Half of U.S. Workers Concerned About Job Security

Job satisfaction survey finds little with stress, salary

| BY Donald Liebenson

Just about half (49 percent) of U.S. workers are concerned about their job security, unchanged from last year, according to a new Gallup poll about employee job satisfaction

The survey asked 1,012 U.S. workers ages 18 and older to rank their satisfaction with 13 aspects of their job. Nearly three-quarters (73 percent) expressed complete satisfaction with their company’s safety conditions, while more than two-thirds (69 percent) said they were wholly satisfied with their relations with their fellow workers. Six-in-ten also said they had no complaints about the flexibility of their schedule.

At the bottom of the list, though, was the amount of stress on the job, about which only 29 percent said they cope without problem, while only 30 percent said they were satisfied with the money they made.

At a time when many employers are cutting back on health care benefits, it is not surprising that satisfaction with company health insurance benefits is on the decline. Just over one-third (35 percent) of U.S. workers surveyed expressed satisfaction with this aspect of their job, unchanged from last year, but down from 39 percent in 2001.

Job security is of heightened concern among less wealthy affluent households, according to Millionaire Corner wealth level studies. Whereas 28 percent of Millionaire households we surveyed said they are concerned about losing their job or their spouse losing their job, in households with a net worth between $100,000 to $1 million (not including primary residence), that percentage increases to 41 percent.

Job security is an especially worrisome among affluent households under the age of 45.

President Obama begins his second term with the country’s unemployment rate at 7.9 percent. Among the major worker groups, unemployment for blacks increased to 14.3 percent, while the unemployment rates for adult men (7.3 percent), adult women (7.2 percent) whites (7 percent), Hispanics (10 percent) and teenagers (23.7 percent) showed little or no change over the previous month.

Job security is especially precarious for recent college graduates, more than half (53 percent) are either unemployed or working in jobs for which they are over-qualified. In a 2011 Rutgers University study, 78 percent told researchers that they, an immediate family member, a close friend, or a close friend of someone in the immediate household had lost a job.

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.