Middle class vs. inflation: Where are people surviving?
Summary
In some U.S. states, average wages have grown faster than the rise in prices, helping people maintain their purchasing power. However, many other people have not seen their wages keep up with inflation, making it harder to afford everyday expenses.Key Facts
- Inflation means prices for goods and services are going up.
- Wages are the money people earn from their jobs.
- In certain states, wages have increased more than inflation.
- This helps people in those states keep up with rising costs.
- Not all states have seen wage growth outpace inflation.
- People in states where wages lag behind inflation find it harder to afford things.
- This situation affects the middle class, who earn middle-level incomes.
- Differences in wage and inflation growth vary by location across the U.S.
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