The past 16 months of real wage growth haven’t been enough to offset the 25 months where prices were rising disproportionately faster than Americans’ paychecks.
Ricardo states, "I don’t make enough for the sales that I generate," highlighting how wage stagnation amidst inflation has affected his financial stability.
Prices have risen 20.0%, compared with a 17.4% increase in wages since the beginning of the post-pandemic inflation surge on Jan. 1, 2021.
Economists have noted that while inflation has declined, the race isn't over, as many Americans are still recovering lost buying power.
Collection
[
|
...
]