90% of workers cutting spending to cope: survey

The survey, conducted between Oct.24-Nov.11 by the online human resources company 1111 Job Bank, showed that 89.45 percent of employees said they have reduced spending on food,clothing, accommodation, transportation, entertainment and education to save an average NT$3,214 per month. Those respondents also estimated that their living standard had fallen by about 18.46 percent.

Entertainment and clothing were the two main categories in which the cuts were made,polling 76.8 percent and 41.13 percent, respectively.

While many employees are making an effort to cut consumption, 40 percent of the workers polled said they are trying to earn extra money by working part-time, improving. their business performance and auctioning off second-hand goods, the survey revealed.

Nearly 90 percent of the respondents said they dream of winning some type of lottery. To this end, 88.29 percent of them said they intended to buy lottery tickets, 53.53 percent said they were thinking of checking their uniform invoices against the winning numbers, 36.56 percent said they were considering participating in prize draws, while 17.63 percent said they intended to take part in contests, the survey showed.

Most respondents admitted that due to the sluggish economy, they were much more willing to take action to win some kind of prize money. Among them, 91.18 percent have purchased lottery tickets, 75.43 percent have been regularly checking their uniform invoices numbers,and 39.45 percent have participated in prize draws, according to the survey.

The poll found that among those who attempted to win money, 78.72 percent have done do, with the winnings averaging NT$31,062, almost equal to some workers’ monthly salary.

The survey was conducted through a random sampling of local wage earners, and focused on “the dream of winning prize money” and “consumption savings.” It collected 1,116 and 1,147 valid samples on the two issues, respectively, and had a confidence level of 95 percent and a margin of error of plus or minus 2.9 percent.

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