You've probably heard that wages have lately been going up faster for the poor than for the affluent. It's true: Don't make too much of this, however. As you can see, nearly everyone is within about 1% of their pre-pandemic wages. The only exception is the very poorest, who are up 6%. But it's worth ...continue reading "Pay is up $32 for the very poorest"
Grocery shoppers felt a slight reprieve this spring as grocery prices fell after a run of increases spanning back to September 2020. So far this summer, grocery prices have remained relatively steady, according to Bureau of Labor Statistics data. In July, prices inflated by 0.3% compared to June, and were up 3.6% from July 2022. [...]