Americans got their biggest raises in 40 years. Inflation took most of it.
First publishedAug 7, 13:44 UTC
Last updatedAug 7, 14:38 UTC · 7m ago
1 outlet
CBS News
1 outlets over time — hover a bar for its window & outletslast updated
Answer
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
Reported by 1 outlet — CBS News. See all sources ↓
Read the full report at CBS News ↗
Why it matters
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In brief
- What's the story?
- The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 7m ago.
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- Coverage card1 outlet1CoverageScouting report
Americans got their biggest raises in 40 years. Inflation took most of it.
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Sources (1)
Avg source rating 8.0/10Processing cluster
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