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Top earners gain more by staying put, BofA study finds

A Bank of America study indicates that while job-hopping typically benefits lower and middle earners, the top 5% of earners see larger pay increases by staying with their current employers. Overall, the wage growth gap between job switchers and stayers has narrowed to its smallest in seven years, with about half of all workers receiving no pay increase in Q1 2026. Generational trends show Gen Z and millennials still benefit more from switching, whereas Gen X and Baby Boomers experience stagnant or declining wages when changing jobs. AI

RANK_REASON The article analyzes labor market trends and pay increases based on existing data, rather than reporting a new event or release.

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Top earners gain more by staying put, BofA study finds

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Jacqueline Munis ·

    When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch

    The benefits of job hopping may be slowing down, but it still can pay off for younger workers.