Survey finds inflation, slower hiring undermining worker confidence
By Sarah Foster, Bankrate.com
If it feels harder to get ahead right now, that’s because it is. Many Americans are navigating a “worst-of-both-worlds” economy: a cooling job market on one side and stubborn inflation on the other.
Related Articles
-
Economists are realizing the job market is cooling. Workers have known it for months -
Wall Street rallies toward more records as gold’s price slumps again -
Government shutdown likely means no inflation data next month for 1st time in decades -
Wall Street hits records following an encouraging update on inflation -
Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month
Prices aren’t rising as rapidly as they once were when the U.S. economy roared back after the coronavirus pandemic. Yet, the largest share of workers in four years (62 percent) say that their paychecks have not kept pace with increases in their household expenses due to inflation over the past 12 months, according to Bankrate’s annual Pay Raise Survey.