As stagnant wages and rising tuition and medical costs squeeze middle class families, Bloomberg reports that US employers cut employee bonuses this year for the first time in seven years, further straining household budgets despite an ostensibly bright economic outlook. Bonuses slipped a tenth of a percentage point to 12.7% of total compensation this year, according to data from Aon Hewitt, which conducts an annual survey of more than 1,000 employers.
Aon said that while the move may not be dramatic, it's confusing considering the relatively healthy state of the economy. What's more worrying is that the cuts come as part of a broader retrenchment.
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