A lot of working Americans found a little extra in their paychecks in the past year.
We talked to Mark Hamrick at Bankrate about the new survey they’ve put out. He says 48 percent of working Americans reported an increase in wages.
It wasn’t all performance based increases. May were due to new jobs, cost of living increases or promotions.
Even though nearly half of those surveyed could says they’re getting more money, there’s always the other side.
Hamrick says more than half of the working Americans they surveyed did not get a raise in the past year. The survey finds those who didn’t get more money are less educated, working part time or are over the age of 62.
Hamrick says it’ll be a big challenge for the new President to close the growing wage gap.