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In this video, Andy from saving to invest discusses the 2023 federal pay raise for employees on the GS pay scale. The White House recommended a base pay increase of 4.1 percent and a 0.5 percent increase in locality pay. This results in an overall average pay raise of around 4.6 percent. The updated 2023 GS pay scale will vary across different areas, with 47 areas in total. Make sure to like and subscribe for future videos on taxes, money, and the economy.
