7 in 10 workers surveyed say inflation is outpacing their pay ...Middle East

A growing number of Americans say the cost of living is climbing faster than their salary and wage growth amid rising inflation and recession fears, according to a new survey. A Bank of America-sponsored survey conducted in July and released Tuesday found that 71 percent of American employees say the cost of living is outpacing growth in their pay, up from 58 percent in February. Eighty percent of workers polled say they’re concerned about inflation, and 62 percent are stressed out about their own financial situation, even with full-time jobs. The survey, which polled full-time employees enrolled in 401(k) plans, reports a five-year low for employees’ reported sense of financia

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7 in 10 workers surveyed say inflation is outpacing their pay ...Middle East

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