
Up for a raise this year?
If so, brace yourself ... for a 2.9% bump in your salary!
Yes, we know that doesn't sound that high, but it's actually quite impressive.
And, when it comes to salary increases, Americans appear to have an advantage over workers in other countries. In India, for example, the average raise is a whopping 10.5%—but when the 10% inflation rate is factored in, it's a less sweet deal. Meanwhile, the U.S. inflation rate was only 1.8% in June, so a 2.9% raise here adds up to more purchasing power than a double-digit spike would elsewhere.
But no matter what the average raise, it's up to you to make sure you get the raise you're owed. Unsure where to start? Check out our advice on setting your salary expectations and read readers' tips for scoring a pay increase.