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“More Americans are getting raises today than they were before the pandemic. Even so, inflation remains painfully high for many households, eroding those gains.”

– Sarah Foster

3 in 5 Workers Say Pay is Not Keeping Up With Inflation, Up From 55% Last Year

Among employed Americans, 3 in 5 (60%) say their income has not kept up with increases in household expenses due to inflation in the past 12 months, up from 55% last year. Less than one third (29%) say their pay has kept up with or exceeded inflation this year compared to 33% last year, and 11% say they don’t know.
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National average banking rates

1 Year CD 1.74%
3 Year CD 1.38%
5 Year CD 1.43%
Savings Account 0.61%

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