Not earning enough? Many workers are unhappy with their pay
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Also known as “The Great Resignation”, also called the “Great Resignation”Great Reshuffle“” is something that many Americans consider when making a career change.
In the modern world, however, job-hopping is more important than ever. spike in inflationPuts households under financial stress
Although wage growth is slowing, high by historical standardsIt isn’t keeping pace with rising living costs, which are increasing at an alarming rate. the fastest annual paceIt will take approximately forty years.
A report from the American Federation of Workers found that two-thirds (33%) of American workers believe their income is inadequate to meet rising inflation costs. Credit KarmaThe polling station surveyed more than 2000 adults in February.
Roughly 62% of the U.S. population is living paycheck to paycheck, a separate survey by LendingClub found.
The Evening wealthiest AmericansIt is becoming harder for them to get by. LendingClub found that half of all workers who earned more than $100,000 had little or no savings at the end of each month. This is according to a poll of 3,250 adults.
Anuj Naryar, LendingClub’s financial health officer, stated, “Inflation is hitting even the richest Americans’ pocketbooks. The ranks of paycheck-to–paycheck Americans continues swell.”
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The majority of workers who left last year stated they were leaving. low payWas the top reason they leftA recent Pew Research Center report found that this is in addition to feeling disregarded at work and having no prospects for advancement.
According to Juliana Horowitz (one of the report’s authors), low-to-moderate-income workers have had a particularly difficult time financially. This could explain why they are seeking higher salaries.
The report found that those who have recently been promoted are more inclined to claim their job offers better compensation, greater opportunities for advancement, and greater flexibility.
Job hopping is often considered to be the best way to find work. big salary bump.
According to The, wages for workers who have switched jobs since 2011 are higher than those who have stayed at the same employer. Atlanta Federal Reserve Bank’s wage growth tracker, based on data from the U.S. Bureau of Labor Statistics.
Recent months have seen a widening gap between stayers and job changers.
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