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A recent study conducted by GoBankingRates listed the occupations where workers were most and least likely to live paycheck to paycheck. Although money should not be the only concern when choosing a career, it should be a factor to consider. Living paycheck to paycheck can make it hard to save for emergencies. It adds stress to one’s life, contributing to emotional and physical health problems. If you’re looking for a good career path, consider the lists below.
Jobs Where You’re Most Likely to Live Paycheck to Paycheck
According to the study, the jobs listed below offer the lowest annual median pay.
1. Gaming Dealer: $9.27 Per Hour
Annual Median Salary: $19,011.20*
2. Food Preparation and Service: $9.35 Per Hour
Annual Median Salary: $19,440
3. Shampooer: $9.47 Per Hour
Annual Median Salary: $19,700
4. Fast Food Cook: $9.55 Per Hour
Annual Median Salary: $19,073.60
5. Usher and Lobby Attendant: $9.58 Per Hour
Annual Median Salary: $19,920
6. Restaurant Host: $9.60 Per Hour
Annual Median Salary: $19,980
7. Food Concession and Counter Attendant: $9.60 Per Hour
Annual Median Salary: $19,219.20
8. Waiter: $9.61 Per Hour
Annual Median Salary: $19,990
9. Amusement and Recreation Attendant: $9.69 Per Hour
Annual Median Salary: $20,160
10. Cashier: $9.70 Per Hour
Annual Median Salary: $19,302.40
Jobs Where You’re Least Likely to Live Paycheck to Paycheck
According to the study, the jobs listed below offer the lowest annual median pay.
1. Judge: $60.52 Per Hour
Annual Median Salary: $125,880.40
2. Marketing Manager: $63.07 Per Hour
Annual Median Salary: $131,180
3. Petroleum Engineer: $61.65 Per Hour
Annual Median Salary: $128,230
4. Computer and Information Systems Manager: $65.29 Per Hour
Annual Median Salary: $135,800
5. Architectural and Engineering Manager: $64.78 Per Hour
Annual Median Salary: $134,730
6. Nurse Anesthetist: $77.05 Per Hour
Annual Median Salary: $160,270
7. Pediatrician: $81.24 Per Hour
Annual Median Income: $168,990
8. Dentist: $83.17 Per Hour
Annual Median Income: $173,000
9. Chief Executive: $87.12 Per Hour
Annual Median Income: $181,210
10. Family and General Practitioner: $91.58 Per Hour
Annual Median Income: $190,490
The big difference between the two lists is the level of education and training required. Generally, the more time and money you invest in your career, the higher your earnings. Also, jobs in healthcare, technology and engineering tend to offer greater earnings than other fields. But you don’t have to get an advanced degree to make good money. Check out our list of associate’s degrees that lead to well paying jobs.
See the full study here: https://www.gobankingrates.com/making-money/jobs/20-jobs-youre-most-and-least-likely-to-live-paycheck-to-paycheck/
*According to the Bureau of Labor Statistics.