Pay raise? What pay raise? I know what you are thinking. But, believe it or not, many Americans received a pay raise this year. Many receive a pay raise as a cost of living adjustment every year from their pension or an annual increase in their salaries from their employer. The United States military, for example, received a 1.4% pay raise this past January, and they have received a raise every year since the end of World War II. Every American actually received a pay raise this year also, and many did not even realize it.