Cost Of Living Is Outrunning Salaries

Despite a strong jobs market and resilient consumer spending, 71% of workers say their salaries and wages can’t keep up with the cost of living. Of those polled, 21% reported tapping emergency savings to pay the bills, 21% are working extra hours, 20% are looking for a higher-paying job, and 6% are resorting to a 401(k) hardship withdrawal, the survey found.