real wages

The average real hourly wage, accounting for raises and inflation, went down by 0.3% over the past 12 months.

The latest jobs report shows that, as inflation has risen during the Iran War, wage growth has continued to slide. Wages are now growing at the slowest pace in more than five years.

They plan to cut back their spending on most services, except for utilities, according to a survey by The Conference Board.

A new study reaches that conclusion by comparing the U.S. to Belgium, where wages are indexed to inflation by law.

According to fresh data from Indeed’s Hiring Lab, hourly wages went up 1.7% in the past year. And salaried wages went up 2.9%. Neither is keeping pace with inflation.

Raises in real earnings help offset price increases but not all consumers share the benefits equally.

Wage growth is slowing, and those at the top of the earnings spectrum have done better than those at the lower end.

And that would mean your paycheck’s purchasing power would be getting a boost relative to inflation.

Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.

Real average hourly pay increased 0.1% in December. Generally, wages are beating inflation, but some industries are lagging.