Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

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

by June 27, 2024
June 27, 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

Related Posts

GM union workers ratify UAW deal following contentious...

November 18, 2023

The great American jobs machine keeps revving in...

February 3, 2024

Trump Media jumps more than 9% after CEO...

April 25, 2024

Abercrombie & Fitch is investigating abuse accusations against...

October 9, 2023

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025

Payrolls soared by 336,000 in September, defying expectations...

October 10, 2023

Pennsylvania Sen. Casey warns Amazon, Target and Walmart...

June 24, 2024

Shareholders push casinos to reassess indoor smoking

May 10, 2024

Doubt grows over Buy Buy Baby sale process...

June 30, 2023

Home prices soar even higher in February, despite...

May 2, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 moneycontrolplace.com | All Rights Reserved