Daily Washington Insider
  • Business
  • World
  • Science
  • Investing

Daily Washington Insider

  • Business
  • World
  • Science
  • Investing
Business

Inflation vs. wages: How rising prices stack up against growing pay

by admin June 28, 2024
June 28, 2024
Inflation vs. wages: How rising prices stack up against growing pay

It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in 2024?

The short answer: further than they might think.

Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%.

The chart below shows the result: Inflation-adjusted hourly earnings (the yellow line) have increased 1.5% since December 2019, indicating a net gain for workers’ average spending power.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Rivian secures up to $5 billion from Volkswagen; shares soar 40%
next post
Radiopharm Theranostics Completes A$70 Million Placement

You may also like

Google’s second antitrust trial could help shape the...

September 7, 2024

Google loses antitrust case over search

August 7, 2024

As Joann Fabrics and JCPenney announce store closings,...

February 18, 2025

‘It is time to break up Live Nation’:...

May 24, 2024

United Airlines adds Thailand, Vietnam and Australia flights...

April 3, 2025

MSNBC President Rashida Jones steps down after four-year...

January 15, 2025

Bumble shares jump 26% as dating company plans...

June 27, 2025

U.S. judge finds Google holds illegal online ad...

April 19, 2025

DOJ sues Walgreens, alleging it ‘knowingly’ filled millions...

January 19, 2025

OpenAI announces a search engine called SearchGPT; Alphabet...

July 27, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Tartana Drilling to Verify Upgrading of 45,000 Tonne Copper Resource

    • 2

      Magic mushrooms effective for treating depression – study

    • 3

      Lancaster Resources Welcomes Three Highly Experienced Industry Experts to Its Advisory Board

    • 4

      Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China

    • 5

      UN experts urge Thailand not to deport dozens of Uyghurs to China where they face ‘real risk of torture’

    Categories

    • Business (1,222)
    • Investing (3,055)
    • Science (605)
    • World (3,677)
    Footer Logo

    Disclaimer: dailywashingtoninsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 dailywashingtoninsider.com | All Rights Reserved