BOSTON (CBS) — ‘Tis the season for giving, but apparently not for employers.
A BankRate.com survey found that only 4 percent of workers expect to get a pay raise this month, 14 percent expect to get a holiday bonus, and 8 percent expected both, but 71 percent expect to get nothing.READ MORE: Massachusetts Reports 4,364 New COVID-19 Cases, 7 Additional Deaths Over 3 Days
The website says years of sluggish wage growth have left workers skeptical of the recovery, and while the unemployment rate has improved, workers seem to think the economy is still fragile.
Of those who were getting more money, most said they wouldn’t spend it on gifts. Instead, they’d squirrel it away into savings or use it to pay down debt.READ MORE: Pfizer Says COVID-19 Vaccine Works In Kids Ages 5-11
When asked what they wanted for 2016, most workers–39 percent–said higher pay, followed by better health insurance (18 percent), better work-life balance (16 percent) and a new employer (10 percent).
There is good news, though, at least on a local level. The survey did say people in the Northeast seemed to feel more financially secure, compared to everywhere else in the country.MORE NEWS: Rusted Out Stairs In Dorchester Removed After BU Professor David Jones' Death
WBZ NewsRadio 1030’s Doug Cope reports