Americans Are Getting Poorer: Price Inflation Grew Faster Than Wages Again In September

October 14, 2022

In terms of real earnings, this has been devastating for many wage earners. According to the BLS, average hourly earnings in September came in at $32.40. That’s an increase of 4.92 percent, year over year. This might be good news were it not for the fact that price inflation was up 8.2 percent during the same period.