Survey: 71% of workers say pay isn’t keeping up with inflation
Published: Sep. 27, 2022 at 10:45 AM CDT
(CNN) – Many Americans are worried about staying afloat financially.
According to a survey from Bank of America, 71% of workers in the United States say their salaries and wages can’t keep pace with the rising cost of living.
That’s up from the 58% who said the same in February.
The findings are from data taken in July and are based on Americans who have 401K plans.
The survey says 44% of U.S. employees say they feel well-off financially, which is the lowest that level has been in five years.
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