Here's 1 Sign That the U.S. Economy Could Be on the Road to Recovery
The COVID-19 crisis has certainly done a number on the U.S. economy, plunging it deep into recession territory. Many people worry that things will stay dire well into 2021, and possibly even beyond.
But a recent Willis Towers Watson survey reveals that things may not be as bleak as we believe. The reason? Most U.S. companies say they plan to give employees pay raises and annual bonuses next year in spite of the ongoing pandemic. Specifically, 93% of companies expect to increase salaries in 2021, while 76% plan to award annual performance bonuses.
Furthermore, companies are anticipating an average salary increase of 2.8% in 2021. That's mostly consistent with what cost-of-living raises have looked like in recent years (they've generally hovered around 3%).
Source Fool.com
