The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

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
Walgreens plans store closures as CEO says consumers ‘stunned’ by prices

Related Posts

How Foot Locker is waging a comeback after...

September 24, 2024

Disney will name Bob Iger’s replacement in early...

October 22, 2024

Judge says he must still approve sale of...

November 26, 2024

‘Buy now, pay later’ goes from niche to...

March 10, 2024

Trump Media stock drops 5% after quarterly loss...

August 14, 2024

‘RFK’ing the french fries’: Steak ‘n Shake becomes...

March 18, 2025

Sports bar chain Twin Peaks is going public....

February 1, 2025

Grubhub to pay $25M to settle charges that...

December 19, 2024

Kroger and Albertsons are spending billions to reward...

December 15, 2024

Dow tumbles 475 points, S&P 500 suffers worst...

April 17, 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.

    Latest

    • Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

      June 30, 2025
    • Breakdown of NVDA’s Stock Price and S&P 500: Actionable Technical Insights

      June 30, 2025
    • Thom Tillis announces retirement from Senate after clash with Trump

      June 30, 2025
    • SCOOP: House Republican eyes bid for Thom Tillis Senate seat after Trump attack

      June 30, 2025
    • Dem delay tactic ends, debate begins on Trump’s ‘big, beautiful bill’

      June 30, 2025
    • GOP, Dem senators remain divided over Medicaid after Trump’s ‘big, beautiful bill’ vote

      June 30, 2025

    Categories

    • Business (1,272)
    • Politics (3,873)
    • Stocks (1,477)
    • Uncategorized (45)
    • World News (1,265)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved