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Purchasing power

Wage hikes lighten the burden of inflation, but it still weighs on some workers

by Mitchell Hartman
Dec 18, 2023
Average pay raises last year slightly outpaced inflation but the price rises of previous years are still hurting some.
While prices for things like food and transportation take up a larger percentage of lower-income workers' budgets, they're unlikely to come back down.
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September's real wages are expected to rise

by Mitchell Hartman
Oct 9, 2023
And that would mean your paycheck's purchasing power would be getting a boost relative to inflation.
Rising real wages means consumers are "making up for the consumption power that they lost when prices were rising faster than wages," says Erica Groshen, former Bureau of Labor Statistics commissioner.
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Wage growth may be slowing, but consumers still have the power to spend

by Justin Ho
Jul 28, 2023
Wages are rising faster than prices. So on average, people’s purchasing power is increasing.
Purchasing power has increased because prices have been rising more slowly, said economist Preston Mui.
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Wages rise ... but prices rise more

by Mitchell Hartman
Mar 31, 2022
If wages were to rise as fast as prices right now, it could lead to a wage-price spiral, something the Fed is trying to prevent.
Wage increases aren't keeping up with inflation, but experts say it will even out soon.
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