“55% of workers say their pay isn’t keeping up with inflation….”
September 15, 2022
“…More than half, 55%, of respondents in a new survey from Bankrate.com say their incomes have not kept up with rising household expenses amid persistent high inflation. Only 33% of respondents said their incomes have either kept up with or exceeded higher household expenses.
The online survey was conducted between Aug. 17 and 19 and was of 2,458 adults…
Bankrate’s survey found 40% of employed respondents have received raises in the past 12 months. Meanwhile, 13% got a better-paying job. A lucky 8% got both a pay raise and a better-paying job.
The remaining 39% of respondents didn’t get either one…”
This is why it’s a good thing to live below your means. Hard times are coming. Don’t get caught flat footed.