There are almost half a million bank tellers nationwide, according to a recent report by the National Employment Law Project (NELP), making it the largest banking-related occupation in the United States. Of these, three-quarters earn less than $15 an hour, with a median hourly wage of $12.44.
“Many people hear about bank profits and lavish CEO compensation and assume that all jobs in banking pay well. But the reality is far different,” said Christine Owens, executive director of NELP, in a statement accompanying the study’s release. “Though they handle other people’s money all day, many tellers struggle to survive on wages too low to sustain families.”
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