Inflation is falling. Here’s what that means for annual pay increases

Fizkes | Ivory | Getty Images Inflation and annual wages are not in a one-to-one relationship. That became apparent to many workers last year when their annual earnings increases in pay and wages fell nowhere near the highest inflation rate in four decades. Many workers complained, even as wages were raised more than what had … Read more

The layoffs are piling up and Main Street still can’t get anyone to take jobs

On the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022, is a “Hiring Now” sign. Mike Blake | Reuters When it comes to salary, small business owners generally don’t play in the same league as larger companies. Things are even trickier now in a tight labor market with rising wages … Read more

Food prices are rising, which has changed the way we eat

New York CNN Business — Lisa Altman was always proud that she could eat whatever she wanted without worrying much about the cost. Growing up, seconds were not served and side dishes were rare. “My mom had a budget every week and she stuck to it,” she said. “As I got older and became more … Read more

Fed’s fight against inflation could cost US 1.2 million jobs

Minneapolis CNN Business — In its efforts to reduce historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans’ jobs, from economic “pain” to “unfortunate costs” and a job market”. However, data does not mince words. The Fed’s latest economic forecast, released Wednesday alongside a … Read more

55% of working Americans say their wages don’t keep up with inflation

Worldwide stock | E+ | Getty Images But getting bigger paychecks didn’t necessarily help workers stave off inflation. Half of those who now earn more still say their wages have not kept up with rising costs. Still, 39% said the increase kept up with or exceeded the increase in household costs. Cost of living is … Read more

Fewer Americans are living paycheck to paycheck as inflation begins to ease

Consumers pressured by higher prices may experience a bit of relief. Fewer and fewer adults say they live paycheck to paycheck, according to a new LendingClub report. As of July, 59% of Americans said they lived paycheck to paycheck, down 61% in June but still higher than a year ago when the number of adults … Read more

Why Wages Are The Main Inflation Signal For Fed, Markets

A job posting sign stands near the SMART Alabama, LLC auto parts plant and subsidiary of Hyundai Motor Co., in Luverne, Alabama, July 14, 2022. Joshua Schneyer | Reuters The most recent data on consumer and producer prices provided the main evidence that inflation is declining, but the only significant inflation for the Federal Reserve … Read more

Gas prices have fallen. This is why inflation doesn’t

CNN — Petrol prices have been falling for more than 50 consecutive days, giving drivers much-needed financial support at the pump. But no one pops the champagne. While gas prices have played a major role in the current period of historic inflation, analysts warn there are a number of factors that will keep overall prices … Read more

66% are afraid of a recession. What concerns each generation most?

A customer shops at a Kroger supermarket on July 15, 2022 in Houston. Brandon Bell | Getty Images While experts debate whether the US is on the brink of an economic downturn, many Americans are already bracing for a recession. So far, 66% of Americans are concerned that a major recession is imminent, compared to … Read more

As inflation rises, more Americans are living paycheck to paycheck

Inflation causes economic problems for workers at all income levels. As of June, 61% of Americans — about 157 million adults — had lived paycheck to paycheck, according to a new LendingClub report. That’s an increase from 58% in May who reported having a living paycheck. A year ago, the number of adults who felt … Read more