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Underemployment up while those with jobs may consider a debt management plan
By Angela Hawke on Apr 5th, 2010
Having a job is one of the easiest ways for consumers to find help with debts, especially if a person has a full-time job.
Though the unemployment rate remained at 9.7 percent in March, a recent poll from Gallup showed that the country's underemployment rate increased to 20.3 percent. The company counts people as underemployed if they have a part-time job and want more work or are unemployed.
Gallup's underemployment percentage in March rose from 19.8 percent in February. The company said an increase in the number of part-timers who want a full-time job accounted for the rise. Those surveyed who fell into that category went up from 9.2 to 9.9 percent.
The report noted that though government officials have said the unemployment rate would be high and, perhaps, go up, underemployed people did not seem any more or less convinced they would be able to find work.
As a result, some of these consumers may have to rely on credit card debt in order to make ends meet. If they do finally find the kind of job they want, these people may consider a debt management plan, which can help pay off the debts the accrued when the job market was tougher.
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