American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
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
Amazon plans to launch discount store in bid to fend off Temu and Shein
next post
Radiopharm Theranostics Completes A$70 Million Placement

Related Posts

Asia markets mixed as China trade data offsets...

July 14, 2025

Hims & Hers Health says it will offer...

May 22, 2024

Europe markets open: Stoxx 600 falls 0.15% as...

October 9, 2025

Here’s why EasyJet share price has crashed and...

July 17, 2025

Most Americans falsely think the U.S. is in...

May 25, 2024

OpenAI’s $150 billion valuation ‘for speculators only,’ says...

September 14, 2024

Visa stock price hits resistance ahead of earnings:...

January 24, 2025

HSBC’s $3B share buyback: What it means for...

October 29, 2024

American Airlines raises bag fee by $10 for...

February 21, 2024

Explained: why ‘Protected Bitcoin ETFs’ are a potential...

January 22, 2025

    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.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.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 © 2025 americaninvesthub.com | All Rights Reserved