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Are Wages Finally Going Up?

Not really, no.  While consumer spending and credit increased steadily at the end of 2013, wages and salaries showed no growth. 2013 was a terrible year for income growth. “For all of 2013, income growth was 2.8%, the weakest performance since 2009, when income fell 2.8% as the country struggled with a deep recession.” Employment growth is slowing down and stagnating. None of these things are good signs for the everyday consumer.

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If your income is stagnating or your employment circumstances have changed and you can’t seem to manage all of the debt that is on your plate, then consult with a debt settlement attorney who can help you reduce your debt obligations and stay within your budget.


Are Wages Finally Going Up? was last modified: November 1st, 2014 by Kevin Fallon McCarthy
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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
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