For the first time in three years, American wages are no longer outpacing inflation, with inflation rising to 3.8% in April—the highest rate since May 2023—while polling shows increasing economic pessimism among Americans.
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Inflation vs. Wages? Who's winning and who's losing.Added:
In this morning's money matters, for the first time in 3 years, Americans' wages are no longer outpacing inflation.
[music] In April, inflation rose to an annual rate of 3.8%, the highest since May of 2023. That's according to new data released on Tuesday. [music] The inflation inflation data comes as new polling shows more Americans are feeling pessimistic [music] about the economy.
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