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Forget About a Raise; More Consumers Expecting Paycut

By Implode-Explode Heavy Industries

``More Americans expect their salaries to be cut soon, reversing a steady decline in the number of workers who fear pay cuts, according to a March survey. Adding insult to injury, those same consumers expect to take a bigger hit on expenses because of rising inflation. The percentage of Americans who expect a decrease in their income over the next six months ticked back higher to 15.3 percent in March, up from 13 percent in February.''

Full post as published by Mortgage Lender Implode-o-Meter on March 30, 2011 (boomark / email).