High inflation and low saving rates have hit many of us in recent times, with our wages failing to stretch as far as they used to.
And now new figures show that the average level of pay increase has dropped again, with Incomes Data Services (IDS) reporting that they fell to just 2.3% in the three months to October.
The average wage rise previously stood at 2.4%, but falling pay increases for those in jobs involving retail and leisure have taken their toll on the overall figure - and sadly, on many of us with families.
Ken Mulkearn, editor of the IDS pay report, said more promising signs have recently been seen in the manufacturing sector.
But he added: "The level of inflation means that here too staff are facing a continued squeeze on their incomes."
The study covers October's 2.5% increase in the national minimum wage, to £6.08 an hour, but IDS said some firms only increased pay rates directly affected by the rise in the statutory minimum.
The research, among 73 firms employing over 2.2 million workers, showed that public sector workers had their pay frozen.
Do you feel that you're long overdue a pay rise, regardless of the size? If so, check out our
guide to asking for a wage increase. It might just help you to boost your salary and ease some of the financial strain on your family.