Nearly three in four employees say the cost of living is outpacing their salary and wages, according to a Bank of America-sponsored survey shared first with CNN on Tuesday. That’s up from 58% in February. The survey – which was taken in July and polled people who participate in 401 plans – reported that half of the employees said they have taken action to cope with financial strain in the past six months.
Financial wellness hits five-year low The percentage of employees who feel financially well off dropped to 44% in the Bank of America survey. That’s the lowest level in five years and significantly below February’s level of 57%. The deterioration was more pronounced among minorities. Just 32% of Black employees said they feel financially well, down from 50% in February. One in three Hispanic employees indicated they feel financially well, down from 47% in February.
How can it? Small business owners cost of goods are rising … our minimum wage is going up, but the economy is down and people are spending less. It’s makes ZERO sense
UN is partner organization to TPLF: 1.DrTedros former TPLF leader is openly lobbying for TPLF 2. UN allowed over 400 trucks & fuel to be used by TPLF rebels. 3. TPLF uses UN satellite phone 4. UNHRC conducted biased investgation against ETH. DisarmTPLF NoMoreICHREE
Not only that, my husband's business has $500 per month less profit because of fuel costs are still double in 20202, extrapolated over 10 months is $5K shortfall to pay our bills.
BoycottCNN
We didn’t have this problem under Trump…not even close.
Not to worry. There’s zero inflation.
Gubment’s Fault
Talk to Biden, he created this problem!
Oh poor liberal fascists! At least they acknowledge Biden caused INFLATION! Get a job!!
Nice
You can thank POTUS and the Democrats for that
No shit!! You had to do a poll!!! Shows how out of touch you really are.
Presiden Indonesia Joko Widodo harus menangkap pencuri untuk pembangunan negara yang stabil. Mengapa Anda melindungi penjahat?
All due to the reckless, compromised, pedophile in office! NEVER FORGET - House=Dem, Senate=Dem, President=DEM!! WAKE UP!!
Well, no shit sherlock.
How is it not 100%?
Who are these folks polled?
JoeBidensAmerica
Pro tip- this is WHY it's called 'inflation.'
That’s capitalism!
Davidlaz CORPORATE GREED As Usual.
Jesus offers eternal life
MahsaAmini
If it were, inflation would be even higher, of course.
*Bidenflation
It hasn’t been keeping up for a long time!
Thanks Joe Biden 🤬
Thank you Joe
Biden and the Democrats have really screwed things up. People who think they are doing a good job for the overall economy need to be honest with themselves and admit that the economy is hurting everyone except politicians and billionaires like Bill Gates.
Well, duh🤷♀️🤦🏼♀️
29% are apathetic to what is really happening....
Isn’t this how it has been always? Say you get 5% raise. With benefits etc., it would cost the employer 8% more! That cost becomes a part the cost of living increase! I don’t see how an increase in the payroll expenses does not turn into a bigger increase in the cost of living!
Keep voting and don't question anything.
One should ask Hillary's stock insider how she got it. This will allow you to keep up with inflation.🤪🤪🤪
the best way to increase your pay is to change jobs, never to stay and complain
I remember someone saying that it's the price of freedom lol. One way to beat inflation is to slow down money velocity. The fed is trying to do it with rate hikes. Up to the people to do it by slowing down their spending habits. If they keep spending inflation goes up.
cnn ABC NYTIMES WASHINGTONPOST MSNBC CBSNEWS FOXNEWS cnbc Reuters ABC6 CBSPhilly CNBC NBCPhiladelphia TelemundoNews FOX29philly 69News phl17 I am hearing if the average person salary is not at least $25.00 an hour. You can not keep up with the mild recession.
Yeah… That’s why inflation is bad.
We've been saying this since the 90s... Wtf
Finally the truth from
It hasn't been for decades. But you benefit from turning a blind eye to reality. Absolutely useless.
Those workers shouldn’t vote Democrat next time
Because we can't. STOP PLAYING WITH FAKE MONEY $$$
yea economy weak like the prime minister 😂
Duh! CNN needed a survey to know this?
Increasing again….still Putin’s fault? Or now price gouging by oil companies….even though it’s the shuttering of refineries/pipelines, and killing of fossil fuels for the Left’s ‘GND’ sham…
You people don’t get it! No one understand that people need the 5th shot and this hurricane is ruining people’s ability to get precious immune boost from the updated vaccine to stop the spread and reduce hospitalization. The hurricane is putting people at risk!😡
No sh*t Sherlock. 1) IRA - 40 Bn 2) Green planet - 360 Bn 3) Ukraine - 440 Bn. Where the money?
How is your CNN-MAGA owner doing?
Bidenflation
The coming crash is going to make the Great Depression look like a back yard bbq. People don't understand the stars that are aligning. Mass inflation. Sky high borrow rates. Crash in home prices and stock market (7.6 TRILLION so far), and now prospects of WW3. Worse to come
Meanwhile the rich a raking it in
its now sept. i guess there is no current polling.
So glad I’m one of the 39% then, and I’m a math teacher
Seriously? Pay hasn't kept up with inflation or the cost of living in nearly 50 years - and now it's all of a sudden an issue.
I wanna meet the 21% that day their pay IS keeping up with inflation! That is a more impressive headline!
Do they live in Red states. This clarity would be important. Some states, like Georgia have a $7.25 minim wage. California has $15.
Who would have thought that the more the prices go up and the lower the pay goes down (or stays the same) most People wouldn't be able to keep up. We really needed a survey to realise that. Money well spent.
POTUS did that :)
And yet they still buy new cars and trucks with a $700 payment each month
Bla bla
Covid is the 1 reason for inflation. Caused by both the Democrats and Republicans not getting it under control! TheDemocrats GOP
71% of workers should quit and be rich
Don’t worry the Inflation Reduction Act is going to lower costs and put more $$ in our pockets - that is what Biden is saying. Oh wait he never did say when it would actually happen - so jokes on you
I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Samantha_M078 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with her
Gas going up again too 😄 Enjoy, everybody.
yea that's too bad. closed the keystone pipeline so it's democrats fault. I bet I could party and negotiate better oil deals with the Arabs if they know English
It’s price manipulation
AngelliAngelo: “ If corporate profits are rising more than the inflation rate, you can draw your own conclusion.
Biden.
Shocker
So tell POTUS - he thinks everything is great! BidenIsADisgrace BidenDestroysAmerica
29% of Americans can't do math.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.