Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Jonathan Price – CRE & Flex Expert
95% of U.S. workers say their wages haven’t kept up with inflation, forcing many to scramble to cover everyday expenses and reconsider career choices, according to a Monster survey.
Financial Pressure Alters Daily Life
Inflation is forcing employees to make tough trade-offs. Most are cutting back on discretionary spending, postponing big-ticket purchases, and even dipping into savings to make ends meet. Nearly three-quarters have accessed their savings in the past year, and one-third report using a substantial portion.
Groceries are cited as the fastest-rising expense by 94% of workers.
Debt is on the rise as well, with 42% relying on credit cards or loans, while over half are trimming contributions to retirement or emergency funds. For many, the gap between rising costs and stagnant wages has made finding higher-paying work a necessity, with 56% actively looking for jobs that better match their financial needs.
Career Choices and Burnout Shaped by Costs
Economic stress is spilling into career considerations. A growing number of employees — 69% — find it harder to secure new positions as companies slow hiring. Half are concerned about job security, and 40% report that financial pressures are contributing to burnout, impacting performance and engagement on the job.
What This Means for Employers
The survey signals a warning to companies: stagnant wages amid rising costs can drive turnover, lower productivity, and increase burnout.
Workers are weighing compensation heavily in career decisions, making it imperative for employers to rethink pay structures, benefits, and support systems if they want to retain talent and maintain morale.
The survey paints a picture of a workforce under pressure but also adjusting proactively. Employees are cutting costs, tapping savings, and pursuing opportunities that align better with financial needs. For employers, bridging the gap between pay and cost of living is essential to keeping teams stable and engaged.
