Average wages have surpassed inflation for 12 straight months
www.epi.org
Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers will…
  • Triasha@lemmy.world
    1·
    11 months ago

    I just figured the hole is that deep.

    Growing up my family could pile into a van for a 2 week road trip or Disney vacation every summer. My grandparents were still working at that time, grandfather was a small business owner mechanic. Grandmother was a part time bookkeeper for a non profit.

    To have that financial independence today, I would need triple my income, or my wife and I would need to double our income.

    I figure a decade+ of real wage gains across the economy would approximate that. Maybe not for me personally, but for the average.