Nearly Sixty Percent Of Workers Say Their Paycheck Is Not Enough to Support Themselves or Their Families

58% of U.S. workers are concerned their paychecks are not enough to support them or their families, according to the latest Workforce Monitor poll from the American Staffing Association and The Harris Poll.

As the cost of living increases, workers are looking to change their circumstances. Twenty-eight percent of employed U.S. adults plan to search for a new job in the next six months, while 27% plan to start a second job to supplement their income and 20% plan to ask for a raise from their current employer.

Searching for new work in response to inflation skews to younger generations—40% of employed Millennials and 36% of Gen Z plan to look for higher-earning jobs in the next six months. Meanwhile, only 13% of employed Baby Boomers plan to look for a new job in response to increased living costs, and only 8% plan to ask for a raise. Age is a perceived barrier for Baby Boomers, as 46% of employed Baby Boomers say age is a factor that could prevent them from getting a new job if they wanted one.

“Workers are concerned about the effects of inflation, and they’re planning on taking action,” said Richard Wahlquist, ASA president and chief executive officer. “Employers need to provide competitive compensation and work flexibility, and invest in employees’ professional development, if they want to keep and recruit quality talent in this labor market.”

About the ASA Workforce Monitor

The ASA Workforce Monitor is a periodic survey commissioned by ASA and conducted online by The Harris Poll among 2,000 or more U.S. adults age 18 and older. The survey series focuses on current workforce trends and issues.