Wages are rising, but just half of Americans have gotten a raise in past year

 

(Getty Images)

(Getty Images)

Nearly half of Americans say their pay rose over the past year — which means more than half of Americans didn’t get a raise, according to a survey Bankrate.com released Tuesday. The findings follow a recent Labor Department report showing U.S. wages rose 2.8 percent over the past year.

Of the working Americans who say they’re making more money, some 37 percent stayed in the same position and got a pay raise, while 12 percent switched jobs.

American workers who didn’t get a raise or promotion were likely to be less educated, to work part time, or to be 62 and older.

“When it comes to rising incomes, it’s a case of the ‘halfs’ and the ‘half nots,’ with half of working Americans getting a raise or better paying job and half that didn’t,” said Greg McBride, Bankrate.com’s chief financial analyst.

 

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