Even as global employment hit a record high in 2024, financial insecurity is rampant. A new report by ADP Research Institute reveals that 57% of workers worldwide are living paycheck to paycheck. The “People at Work 2025” study, based on a survey of nearly 38,000 workers across 34 countries, finds that one in four workers now holds two or more jobs—mostly to cover basic living expenses.

The report underscores a troubling disconnect between rising employment numbers and actual financial wellbeing. Alarmingly, 59% of those with two jobs and 61% of those juggling three or more jobs say they are still struggling to make ends meet. Even holding multiple jobs is no guarantee of stability.

Egypt has the highest proportion of financially stressed workers, with 84% living paycheck to paycheck, followed closely by Saudi Arabia (79%) and the Philippines (78%). South Korea, in stark contrast, reports the lowest percentage at just 18%. Regionally, the Middle East and Africa fare the worst, with 70% of the workforce facing financial precarity, followed by Latin America (63%) and North America (58%).

Motivations for working extra jobs vary across age groups. Younger workers, under 40, are more likely to cite gaining experience or funding education as key drivers. For older workers, the reasons lean more towards supporting their families and preparing for retirement. Regardless of age, the overwhelming reason is the need to pay for daily necessities.

The report also points to the role of informal and gig-based economies in perpetuating financial instability, especially in Africa, Latin America, and parts of Asia. Many workers lack formal contracts, benefits, or reliable income, leaving them vulnerable despite being technically employed.

“Pay is the foundation of financial wellbeing for most workers, yet our data shows that even record employment isn’t translating into financial security,” said ADP Chief Economist Nela Richardson. “This is a wake-up call for employers to take a more holistic approach to compensation.”

The findings challenge the idea that job creation alone is enough, highlighting the urgent need to address quality of work, fair wages, and financial safety nets in a fast-changing global economy.