American paychecks still not keeping up with inflation, study finds
CBS America · Current
CBS America
Current
Four years after the pandemic caused prices to increase, a new study by Bankrate found that U.S. wages have still not caught up with inflation.
Breakdown
- US wages remain 1.2 percentage points below inflation over the past four years. 11s
- Most Americans view the economy negatively and expect prices to keep rising. 32s
- Wage growth has slowed more quickly than inflation, prolonging the gap. 1m 45s
- Service sectors like food services and healthcare saw wages outpace inflation. 2m 8s
- Wages may catch up with inflation by next year, but economic uncertainty remains. 3m 20s