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Tag Archive: Federal Workers


U.S. Federal Employment Related To Higher Financial Well-Being

 

Financial Well-Being: Federal Workers vs. Non-Federal Workers

 

 

 

” U.S. federal government workers are thriving in their financial well-being more than the rest of the workforce. On average, 44% of federal government employees are thriving financially, compared with 34% of all other workers in the U.S.

  These findings are based on more than 80,000 interviews conducted with U.S. adults, aged 18 and older, who were employed full time from Feb. 16, 2014-Feb. 15, 2015 as part of the Gallup-Healthways Well-Being Index. For each of the five elements of well-being, Gallup classifies respondents as “thriving” (well-being that is strong and consistent), “struggling” (well-being that is moderate or inconsistent), or “suffering” (well-being that is low and inconsistent).

  Federal pay has been a topic of debate for years, with differing accounts of whether federal employees are paid more, no more or less than non-federal employees. However, financial well-being is not a direct report of salary, benefits or overall compensation. It is a composite of responses to the perceptions of standards of living, affordability of basic necessities and financial woes based on region of country, family size, cost of living, debt and various other factors that go into subjective assessments of financial situations.

  Given this description, it is possible for a person to have a higher salary but experience lower financial well-being. But for those who experience higher levels of financial well-being, they feel as if they can spend time and energy addressing other facets of well-being in their day-to-day lives, including their purpose, social, community and physical well-being. These data show that federal employment is likely associated with higher levels of economic stability and reductions in the stress of providing for a comfortable lifestyle because federal workers report higher financial well-being.”

 

 

    Lest anyone think otherwise , the tables have turned and it is you and I that are working for them . Gallup has the details .

 

 

 

 

 

 

 

 

 

 

 

 

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Federal Workers to Congress: Leave Us Out of Deficit Deal

 

 

 ” The Federal-Postal Coalition — a group representing more than two dozen federal employee unions — pleaded with Congress on Monday to spare their members in any deal related to the “fiscal cliff.”

Federal workers, the coalition wrote in a letter, have contributed more than their fair share toward reducing the debt and are the only group that has been targeted so heavily.

“Federal and postal employees and their families are hardworking, middle-class Americans who are struggling during these tough times just like other Americans,” the group wrote. “No other group has been asked to financially contribute the way they have, and it is time our nation’s leaders found other ways to reduce the deficit than continually taking from those who have dedicated their lives to public service.”

According to the coalition, federal employees have funded $60 billion in budget savings in 2011 and 2012 as a result of their ongoing pay freeze and an additional $28 billion in savings will be derived from the freeze extension through March 2013.

Federal workers also contributed $15 billion toward the budget in 2011 when the contribution rate toward retirement pensions was raised to 2.3 percent for new employees. “