Americans Face ‘Most Severe’ Impact To Wages In 25 Years

Woman hands opening an empty wallet

At a glance

  • A new report published by the Federal Reserve Bank of Dallas states that American workers’ wage growth is lagging behind inflation at a rate causing problems unseen in a quarter-century.
  • “We find that a majority of employed workers’ real (inflation-adjusted) wages have failed to keep up with inflation in the past year,” said the report, published Tuesday.
  • “For these workers, the median decline in real wages is a little more than 8.5 percent. Taken together, these outcomes appear to be the most severe faced by employed workers over the past 25 years.”

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