Most Americans Haven't Had a Raise In 3 Years

Even as inflationary pressures have risen, most people haven't seen a wage increase since the start of the pandemic, study shows.

A woman stares at a stack of bills looking frustrated.
(Image credit: Getty Images)

The average American employee hasn’t received a raise in three years, a new survey shows, reflecting the disconnect between rising inflationary pressures and wage growth. 

The survey of 2,000 American adults was conducted by OnePoll, an international market research agency, on August 31, 2023. Participants were asked when they last received a pay raise. Only 4% said they had received a raise in 2023, 9% said they received a raise one year ago, 22% said it had been two years and 37% said it had been three years since they had received a raise.  On average, the typical worker has not received a raise in 2.9 years. 

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Kathryn Pomroy

For the past 18+ years, Kathryn has highlighted the humanity in personal finance by shaping stories that identify the opportunities and obstacles in managing a person's finances. All the same, she’ll jump on other equally important topics if needed. Kathryn graduated with a degree in Journalism and lives in Duluth, Minnesota. She joined Kiplinger in 2023 as a contributor.