As Labor Day weekend is approaching WalletHub recently conducted their Labor Day Fun Facts report. The goal of this yearly report is to educate and entertain consumers with stats related to different aspects of the Labor Day Holiday. The stat I found the most interesting? 87% of people think they should get a raise to keep up with inflation. With inflation around 11% if you don’t get a raise then you’ve essentially gotten a pay cut. I am a firm believer in this and genuinely wonder who the 13% who did not agree are.
The statistics found below are all determined by the personal-finance website WalletHub. According to WalletHub this national survey “examines Americans’ Labor Day plans and how people have been impacted by the current economic environment.” They involve travel, work habits, and how Americans plan to spend the holiday weekend. You’ll also learn a couple of fun facts about Labor Day and its history.