Even with a full-time job, it can be hard enough to pay the bills. But for those who are unemployed or underemployed, that task is about three times harder, according to a Gallup Poll released Tuesday. The poll found that unemployed and underemployed Americans are three times as likely to fall behind on their bills -- and risk bankruptcy -- as those who are working.

About one in four people facing employment problems say they're facing financial difficulties, compared to about 8% of those who are fully employed, according to the survey. On average, about one in nine adults say they're facing financial challenges.

The survey illustrates how the lengthy period of high unemployment is trickling through the economy, forcing consumers to either cut back or stop paying bills all together. The U.S. unemployment rate, which fell slightly to 9.4% in December, has exceeded 9% for 20 straight months, the longest such streak on record.

Unsurprisingly, unemployed Americans between 30 and 49 years old are bearing the worst of the burden, as younger adults have fewer obligations and older adults may have had the opportunity to accumulate savings. More than a third of the unemployed in that middle category say they are falling behind financially, compared to 22% of younger adults and 19% of those between 50 and 64 years old, Gallup says.

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Most states have cut teachers, police force,
now lets restructure our politicians. One Senator per state no need to support
two nuckle-heads.

January 28 2011 at 3:26 PM Report abuse rate up rate down Reply
Dr.Russell S.

DA !!!!!! HELLO OUT THERE ! Now let me see how would unemployment hurt the economy ? O.... I Know less People working = Less Taxes being collected= BAD Economy...... AM I CLOSE ???? Can you give us a little harder one to figure out You Financial Genius's of our Country.? Maybe something they don't teach in Grade School. We are Adults you know and Live on Planet Earth where we Read,Watch the News,Own Stocks, Have Internet so don't Insult our Intelligence you half Brained Bean Counters !!!!!!lol

January 28 2011 at 6:20 AM Report abuse rate up rate down Reply

1) To the individual, it as about as difficult as it gets other than loosing a loved one.
2) For the country, it affects the budget through the paying out of unemployment benefits, and the loss of income tax and payroll tax, and the loss of money multiplied as it would have been spent various places on consumer goods and services.
3) Because consumers are spending less, there is less demand for goods, and therefore fewer jobs, and again less taxes paid.

January 27 2011 at 11:25 AM Report abuse +1 rate up rate down Reply

Heck..if you aren't making enough to live on and save for old age..you're under employed or under paid...no matter how darn old you are

January 27 2011 at 9:28 AM Report abuse +2 rate up rate down Reply

only smaller government, fewer taxes and free markets will create jobs...and Washington is doing the opposite.

career politicians in Washington are the problem, not the solution.
read the book by Sol Erdman called The Cure For Our Broken Political Process.

January 27 2011 at 8:29 AM Report abuse rate up rate down Reply