Fifth of Britons have had no pay rise since start of cost-of-living crisis, survey says | Personal Finance | Finance

Almost 20 percent of workers have experienced no change in their salary since the start of the cost of living crisis in 2021, according to recent research.

A survey carried out by the employment website Indeed, which included around 2,000 participants, found that over 40 percent stated they were having difficulties making ends meet.

Half of the respondents said that reducing costs should be the highest priority for the next government, while two in five believed the incoming party should align wages with living costs.

One in five confirmed that their salary hadn’t altered since the start of the cost of living crisis in 2021, while roughly one in seven reported their pay had decreased.

The few who received a pay increase experienced an average boost of three percent, which Indeed indicates “significantly lags” behind peak inflation rates hitting double digits.

While decreasing inflation has been viewed as evidence that the economy is “turning a corner”, fifty percent of those surveyed reported feeling no better off.

Jack Kennedy, senior economist at Indeed, stated: “After grappling with the cost of living crisis for over two years, it’s no surprise that wages are front of mind for voters.”

“There’s a clear call from the British people for the elected government to further ease financial pressures, and we’d expect this to remain front of mind for the public long after the winning party is decided.”

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