WASHINGTONPOST (Lauren Kaori Gurley, Rachel Lerman) - Here’s why wages are falling behind inflation, an economic warning sign
Inflation beat out wage growth again in August, which feels like 2023.
YOUTUBE (MS NOW) - How do Americans find relief with inflation rising? 'They don't,' economist says
The latest inflation report finds prices are rising higher while wage growth is not keeping up. Director of Economic Policy at Veda Partners Henrietta Treyz and University of Michigan Professor of Economics Justin Wolfer join Katy Tur to provide their expertise.
AI:Despite claims from the administration regarding inflation trends, recent data confirms that prices continue to climb while wage growth fails to keep pace with the rising cost of living. Economists indicate that Americans are finding little to no relief as purchasing power diminishes, a situation exacerbated by skyrocketing costs in essential sectors and a retail environment struggling under the weight of economic instability. As families face an affordability squeeze that delays milestones like homeownership and forces impossible choices between mortgage payments and basic necessities, the disconnect between official economic indicators and the lived reality of citizens continues to widen.Open
HUFFPOST - Inflation Cooled Last Month As Gas Prices Fell, Though Costs Remain Elevated
Inflation has been pushed higher by a series of shocks to the economy.
AMERICANTHINKER - How Europe Grows Gas Tax Revenues
Blademaster88 By Thomas Kolbe Gas prices are rising again in Germany. The main culprit is the state with its towering levies.
NEWSNATIONNOW (Alix Martichoux) - Inflation is slashing middle-class incomes. Here's where it's worst
A new analysis found only two states have seen healthy growth in middle-class income compared to inflation.
NEWSNATIONNOW (Anna Kooiman) - Soaring costs are worsening inflation and outpacing paychecks
This month's consumer confidence index found that two-thirds of Americans say they're cutting back on spending because of rising prices.
NEWSNATIONNOW (Rob Taub) - Rising travel demand pushing US hotel rates to new highs, expert says
Hentschel said rates continue to increase because the industry can't build hotels fast enough to keep up with demand.
HUFFPOST - Steep Wholesale Inflation Pressures Companies To Raise Prices Further For Customers
Producer prices rose the most since December 2022 amid President Donald Trump's Iran war.
NYTIMES (Adam Sella) - Energy secretary floats pause in federal gas tax
JUSTTHENEWS (The Center Square Staff) - California bill to suspend gas tax fails despite rising prices
State Sen. Tony Strickland, R-Huntington Beach and author of Senate Bill 1035, told journalists Wednesday afternoon outside the same Sacramento committee room that California prices are only going to rise at the pump.