Yes, your family is still suffering a great deal from inflation; yes, your grocery bill is still extremely high and your paycheck is stretching less and less.
But don't worry: Even as you're dealing with all of that with the foreseeable future, federal workers are getting a real bonanza of a raise!
President Biden on Thursday issued an executive order implementing his plan to provide civilian federal workers with an average 5.2% pay raise next month.
As first proposed in his fiscal 2024 budget plan last March, the increase amounts to a 4.7% across-the-board boost to basic pay, alongside an average 0.5% increase in locality pay. As authorized in the fiscal 2024 National Defense Authorization Act, which Biden is expected to sign this week, military service personnel also will see an average 5.2% pay raise next year.
All of us struggling to pay our bills watching the federal behemoth making even more money:
The pay increase "marks the largest authorized for federal workers since the Carter administration adopted a 9.1% average raise in 1980."
Note that, according to Indeed, "annual raises for U.S. employees average 3%." So the spike is bigger than it seems even when you consider how much the rest of us are dealing with.
Meanwhile, "on top of the historic pay increase, tens of thousands of federal employees will see a slightly larger increase than expected, thanks to a slew of recent changes in the locality pay system."
Thanks for pouring lemon juice in the wound, Biden!
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