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In an insightful report that came out last week, Monster revealed that there is a significant disparity between wage growth and the rising cost of living. It was found that an overwhelming 95% of surveyed employees have not kept pace with inflationary pressures. Only 11% reported receiving raises or salary adjustments to counteract the rising inflation.
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he financial pressure on today’s workers is gargantuan. A massive 82% have resorted to dipping into their savings to combat daily expenses, with an additional 8% anticipating the need to do so in the near future. In braving the rising inflation, 69% have curtailed