Why salaries in the United States don’t keep up with inflation

Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...

Amid persistent inflation, cash-strapped consumers are tipping less

The Sweetly Bakery & Cafe in Battleground, Washington Source: Irina Sirotkina It’s the holiday season, yet Americans are feeling a little less generous. With inflation near record highs, cas...

Layoffs mount, and Main Street still can’t get anyone to take jobs

A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022. Mike Blake | Reuters When it comes to salary, small business owner...

Voters approve higher minimum wage in Nebraska and Washington, DC

Activists demonstrate in support of a $15-per-hour minimum wage and tips for restaurant workers in Washington, D.C. on Feb. 8, 2022. Mandel Ngan | AFP | Getty Images Voters in both Nebraska and the Di...

How much small business owners should pay themselves

Many small business owners have trouble figuring out an appropriate take-home pay as the company expands, and some don’t pay themselves at all. These mistakes can easily come back to bite the founder ...

Heiress Abigail Disney on how to bring magic back to capitalism

NEW YORK, NEW YORK – SEPTEMBER 20: Abigail Disney speaks at Firehouse DCTV’s Cinema For Documentary Film Ribbon Cutting Ceremony on September 20, 2022 in New York City. (Photo by Santiago ...

Layoffs loom on the horizon, some economists say

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...

Pro athletes Isaiah Thomas and Dexter Fowler dish about top money tips

Malerapaso | Istock | Getty Images HUNTINGTON BEACH, Calif. — Professional athletes are faced with a difficult task early in their careers — learning to deal with big sums of cash as they’re thr...

Britain’s banks told to tackle wealth inequality despite one-off payments

LONDON — Britain’s financial sector is being urged to do more to help workers struggling with the cost-of-living crisis, despite a slew of top banking names providing one-off payments to low ear...

Post-pandemic, Americans are tipping less generously for takeout

At the Sweetly Bakery & Cafe in Battle Ground, Washington, near Portland, Oregon, customers seem to be feeling a little less generous lately. With inflation near record highs and consumers increas...

How much does it cost to travel full time? Here’s what one couple pays

Ernestas Tyminas felt “stuck” in his role as a marketing manager at a newspaper in Colorado Springs, Colorado. So he requested two months off to backpack through Asia, he said, landing in ...

Detroit real estate developers rebuild city amid budget shortfalls

A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. &...

Job cuts, smaller bonuses loom for Wall Street bankers

People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this ye...

Typical job switcher got a pay raise of nearly 10%, study finds

Morsa Images | DigitalVision | Getty Images Many workers who changed jobs recently saw raises from their new paychecks outpace inflation by a wide margin — by nearly 10% or more, according to a new st...

36% of high earners are living paycheck to paycheck

South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees w...

Coalition aims to end gender pay gap for pre-IPO companies by 2027

A jabot collar is seen placed on the Fearless Girl statue outside of the New York Stock Exchange (NYSE) in honor of recently passed Associate Justice of the Supreme Court of the United States Ruth Bad...

One-third of job switchers took a pay cut for better work-life balance

Ricardo Mojana | Getty Images As the Great Resignation continues, employees are rethinking salaries, work-life balance and flexibility in their new careers. Some are willing to take a pay cut in excha...

Have a case of buyer’s remorse? Why high inflation may be to blame

Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Inflation is pushing up prices everywhere, from grocery store shelves to gas pumps...

Taking a pay cut? Here’s how to revise your budget for a lower salary

Ricardo Mojana | Getty Images About 47 million workers left their jobs in 2021 amid the ‘Great Resignation.’ Many of them did so for less pay. Last year, 53% of workers who left their jobs...

27-year-old earns $650,000 a year in LA, is on her way to $1 million

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. When Lauren Simmons introduces herself to new people, sh...

QuickHire founders raised $1.4 million—their best career advice

Deborah Gladney, 34, and Angela Muhwezi-Hall, 32, are part of a small but growing club of million-dollar Black female founders. The sisters are the creators behind QuickHire, a hiring platform that co...

Inflation, high gas prices contributing to financial anxiety

Gasoline prices are displayed at a Los Angeles gas station on Feb. 8, 2022. Mario Tama | Getty Images As inflation climbs to historic highs, rising gasoline and other consumer prices are among America...

Inflation eroded pay by 1.7% over the past year

People shop at a Los Angeles retail outlet on Jan. 28, 2022. FREDERIC J. BROWN | AFP | Getty Images High inflation overshadowed a big increase in wages over the past year, amounting to a nearly 2% sma...

These sisters launched QuickHire app to help service workers find good jobs

The launch of QuickHire was spurred by the pandemic, but it’s really been years in the making. Angela Muhwezi-Hall, 32, first thought of the idea in 2017 when she was working as a college and ca...

Young Starbucks baristas are powering a growing push to unionize

From coast to coast, young Starbucks baristas are pushing to unionize their cafes, flexing their collective power against the coffee giant in a fight that could change the broader restaurant industry ...

Here’s what to consider before taking a pay cut

Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...

Despite higher wages, inflation gave average worker a 2.4% pay cut last year

A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’ paychecks, eroding many of the raises businesses have offered to attrac...

Petition for $2,000 stimulus checks reaches 3 million signatures

A worker installs U.S. flags as part of a Covid-19 memorial on the National Mall in Washington, D.C., on Jan.18, 2021. Carlos Barria | Reuters When the Covid-19 pandemic took hold in March 2020, Steph...