More than half of U.S. workers (53%) feel their paychecks are not keeping up with the pace of inflation

More than half of U.S. workers (53%) feel their paychecks are not keeping up with the pace of inflation, per the American Staffing Association.


As interest rates and inflation exert increased pressure on consumers' finances, a survey revealed that only 47% of U.S. workers believe their paycheck is keeping up with the current rate of inflation.

Nearly four in 10 (38%) of U.S. adults reported that their overall financial situation is more stressful than it was 12 months ago, especially as the majority of Americans find themselves saving less for unexpected expenses due to inflation.

"The data may suggest a soft landing for the economy, but the bank accounts of America's workers are telling a different story," said Richard Wahlquist, CEO of the American Staffing Association. "With the price of a pound of ground beef increasing by 29% in just four years and personal savings rates at their lowest levels in 15 years, U.S. workers are understandably stressed about the adequacy of their paychecks and their ability to save for the future. Unless there is a quick turnaround, workers' negative attitudes about their finances and the economy are likely to be a top issue when voters go to the polls in November."