<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - California's minimum wage increase means most fast food employees now make at least $20"/><p class="gnt_ar_b_p">If you found it increasingly hard to make ends meet over the past five years, it’s probably only going to get worse, according to new research.</p><p class="gnt_ar_b_p">Over the past five years, 97% of occupation’s salaries have failed to keep up with inflation, said personal finance platform <a target="_blank" href="https://moneywise.com/research/americans-purchasing-power-plummets-as-inflation-slashes-salaries" rel="noreferrer noopener" data-t-l=":b|z|k|${u}" class="gnt_ar_b_a">Moneywise, which analyzed data</a> from the Bureau of Labor Statistics (BLS), the Federal Housing Agency (FIFA) and Redfin to find out how salaries have kept up. It found average salaries have fallen 8.2% as home prices rose an average of 56%.</p><p class="gnt_ar_b_p">And it likely won’t get much better. Of the 20 most common jobs in America, only one – waitstaff - is expected to see an increase in salary after adjusting for inflation by 2028, it said.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">“If things don't change soon, the <a target="_blank" href="http://www.usatoday.com/story/money/2024/06/10/inflation-prompts-consumer-choices/74009255007/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">pain and pressure of inflation</a>, rising cost of living, and <a target="_blank" href="http://www.usatoday.com/story/money/2024/02/16/housing-market-favors-rent-vs-buy/72599444007/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">soaring housing costs</a> will lead to a significant reduction in <a target="_blank" href="http://www.usatoday.com/picture-gallery/money/2020/08/21/us-dollar-value-varies-in-every-state/113349428/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">purchasing power</a> for Americans in nearly every occupation and industry,” said MoneyWise research analyst Nick Rizzo.</p><h2 class="gnt_ar_b_mt">Which jobs will lose the most purchasing power by 2028?</h2><p class="gnt_ar_b_p">The top five occupations that will see their adjusted salaries shrink most, according to MoneyWise, are:</p><p class="gnt_ar_b_p"><strong>Protect your assets:</strong> <a target="_blank" rel="noopener" data-t-l=":body nav (hys)|e|auto spike click:7|${u}" class="gnt_ar_b_a" href="https://www.usatoday.com/money/blueprint/banking/savings/best-high-yield-savings-accounts/">Best high-yield savings accounts of 2023</a></p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">Elementary school <a target="_blank" href="http://www.usatoday.com/story/news/education/2023/02/13/american-teachers-salary-raise-many-democrats-republicans-agree/11212931002/" rel="noreferrer noopener" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a">teachers</a>:</p><ul class="gnt_ar_b_ul"><li class="gnt_ar_b_ul_li">2023 median salary: $64,290</li><li class="gnt_ar_b_ul_li">5 year salary change adjusted for inflation: -11.59%</li><li class="gnt_ar_b_ul_li">2028 projected salary: $56,504</li></ul><p class="gnt_ar_b_p">Accountants:</p><ul class="gnt_ar_b_ul"><li class="gnt_ar_b_ul_li">2023 median salary: $79,880</li><li class="gnt_ar_b_ul_li">5-year salary change adjusted for inflation: -10.51%</li><li class="gnt_ar_b_ul_li">2028 projected salary: $71,485</li></ul><aside class="gnt_em gnt_em_anc" id="gnt_atomsnc" data-g-r="lazy" data-gl-method="loadAnc" aria-label="Newsletter signup form"/><p class="gnt_ar_b_p">Administrative assistants:</p><ul class="gnt_ar_b_ul"><li class="gnt_ar_b_ul_li">2023 median...</li></ul></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/personalfinance/2024/06/20/americans-buying-power-shrinks-more-report/74141192007/">Read more <span>➤</span></a> </div>
