News@lemmy.worldEnglish · 2 days ago

US inflation rose to 3.8% in April, eroding Americans’ paychecks

www.cnn.com

cross-posted to:
politics@lemmy.world

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US inflation rose to 3.8% in April, eroding Americans’ paychecks

www.cnn.com

TryingToBeGood@reddthat.com to

News@lemmy.worldEnglish · 2 days ago

cross-posted to:
politics@lemmy.world

US inflation rose to 3.8% in April, eroding Americans’ paychecks | CNN Business

www.cnn.com

For the first time in three years, Americans’ wages are no longer outpacing inflation.

Spiffy. :/

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Money being worth more than it was 2 years ago also means any debt you carry is suddenly worth more than it was when you borrowed it…

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