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Is Inflation Eroding Your Wage Gains? LPP EP 29

8/15/2018

 
In today's Let People Prosper episode, I first give an overview on the U.S. markets: General overview was that stocks were down primarily from increased trade tensions with Turkey, dollar appreciated, oil fell to $65 per barrel, and the 10-yr Treasury note rate declined to 2.86%.

​Americans' wages are up around 3 percent over the last twelve months. But the cost of living, measured by the consumer price index (CPI), is up by almost that rate. In other words, you can purchase the same basket of goods you did last year but probably not much more. A recent Wall Street Journal article says that "Rising U.S. Consumer Prices Are Eroding Wage Gains."

However, is this really true? Which prices are going up and why?

Let's discuss! #LetPeopleProsper

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    Vance Ginn, Ph.D.
    ​@LetPeopleProsper

    Vance Ginn, Ph.D., is President of Ginn Economic Consulting and collaborates with more than 20 free-market think tanks to let people prosper. Follow him on X: @vanceginn and subscribe to his newsletter: vanceginn.substack.com

    View my profile on LinkedIn

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