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. 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Kathryn Pomroy
Contributor

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.