• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Inflation vs. wages: How rising prices stack up against growing pay
Editor's Pick

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

by June 27, 2024
by June 27, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • Regional bank stocks struggle amid fears of Silicon Valley Bank contagion
  • Semtech’s LoRa® Devices Optimize Building Management Systems in U.S.
  • Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike
  • Fitch downgrades U.S. credit rating from top score after debt ceiling crisis
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Amazon plans to launch discount store in bid to fend off Temu and Shein
next post
TAG, You’re It! Rotation Away From Semiconductors Benefiting These Stocks

You may also like

Spotify and YouTube raise their premium-service pricing

July 26, 2023

Extreme heat is changing where and when we vacation

July 8, 2024

Last-minute summer travelers are finding the best deals in years

August 12, 2024

Southern California Edison acknowledges videos suggest link between equipment and...

February 7, 2025

Tesla shares rise on better-than-expected Q2 deliveries report

July 4, 2024

New inflation data to reveal consumer strength amid highest interest...

October 12, 2023

Judge allows lawsuit over Burger King’s Whopper ads to move...

May 7, 2025

Disney scraps plan for new Florida campus as DeSantis feud...

May 19, 2023

How on-time rent payments can help ‘credit invisible’ consumers be...

July 18, 2024

Bank of America CEO says U.S. consumers and businesses have...

May 31, 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.

    Recent Posts

    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,576 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,661)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,661)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Budweiser parent is now offering money...

    May 27, 2023

    Boeing, NASA say Starliner astronaut launch...

    May 26, 2024

    Kohl’s CEO Tom Kingsbury to step...

    November 26, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here