Are Cost Of Living Surges A Reason For Or A Barrier To Relocation For Workers?
Allwork
OCTOBER 17, 2023
The bottom 20% of American workers are reported to be spending 80% of their earnings on essential goods. A notable 59% of low-income consumers reported not receiving a salary increase, in contrast to 34% of high-income consumers. In contrast, the highest income quintile spends only 55% of their earnings on these necessities.
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