{"id":4777,"date":"2024-06-28T15:05:33","date_gmt":"2024-06-28T15:05:33","guid":{"rendered":"https:\/\/dailywashingtoninsider.com\/index.php\/2024\/06\/28\/inflation-vs-wages-how-rising-prices-stack-up-against-growing-pay\/"},"modified":"2024-06-28T15:05:33","modified_gmt":"2024-06-28T15:05:33","slug":"inflation-vs-wages-how-rising-prices-stack-up-against-growing-pay","status":"publish","type":"post","link":"https:\/\/dailywashingtoninsider.com\/index.php\/2024\/06\/28\/inflation-vs-wages-how-rising-prices-stack-up-against-growing-pay\/","title":{"rendered":"Inflation vs. wages: How rising prices stack up against growing pay"},"content":{"rendered":"

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

The short answer: further than they might think.<\/p>\n

<\/div>\n

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%.<\/p>\n

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.<\/p>\n<\/p>\n

This post appeared first on NBC NEWS<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far…<\/p>\n","protected":false},"author":1,"featured_media":4778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-4777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/posts\/4777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/comments?post=4777"}],"version-history":[{"count":0,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/posts\/4777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/media\/4778"}],"wp:attachment":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/media?parent=4777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/categories?post=4777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/tags?post=4777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}