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Inflation is once again outrunning wage growth and that’s creating a problem for anyone sitting on cash.
The inflation rate climbed 0.6% in April, pushing the annual rate up to 3.8%, a three-year high (1). And consumer prices rose 3.8% year over year while inflation-adjusted hourly wage growth came in at 3.6%, according to CNN (2). That means the purchasing power of many Americans is slipping, even as they continue to earn more on paper.
The ultra-rich use these 5 real estate strategies to build wealth while they sleep — you can start with just $100
The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold
Inflation is once again outrunning wage growth and that’s creating a problem for anyone sitting on cash.
The inflation rate climbed 0.6% in April, pushing the annual rate up to 3.8%, a three-year high (1). And consumer prices rose 3.8% year over year while inflation-adjusted hourly wage growth came in at 3.6%, according to CNN (2). That means the purchasing power of many Americans is slipping, even as they continue to earn more on paper.
The ultra-rich use these 5 real estate strategies to build wealth while they sleep — you can start with just $100
The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold
5 days ago
