(WXYZ) — Sixty-two percent of employed Americans report not getting a raise nor attaining a better job in the past 12 months, according to a survey by Bankrate.com.
Compared to 2017, 52 percent of working Americans did not receive a pay increase or better job, research says.
Higher income households are more likely to receive pay raises compared to lower income homes. The majority of households making less than $50,000 a year report getting neither a pay raise nor a new better paying job, including 76% of the lowest income households, according to the survey.
Also, full-time employees are almost twice as likely to get pay raises and/or better paying jobs than part-time workers.
“Pay raises and landing a higher paying job continue to be the exception rather than the rule, even in a strong economy with low unemployment,” added McBride. “Households seeking income growth are increasingly finding it ‘the old fashioned way – they earn it’ to quote an old TV commercial, usually by working more hours rather than being paid more per hour.”
See the full report here.
