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Study Shows 50% of U.S. Workers Didn't Get Pay Raise In 2019

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© Leung Cho Pan | Dreamstime.com

Feeling a financial pinch? You're not alone.

A new study by Bankrate.com shows half of U.S. workers did not get a pay increase this year. It's happened despite low unemployment and a reported booming job market.


Bankrate analyst Greg McBride says, "Instead, employers are tending to focus their pay increases on those who have reached performance-based measures that have gotten a promotion or taken on new job responsibilities."

He says only 1 in 4 four workers intend to look for a job in the next year and millennials are more likely to try to find a new position.