Category: Business & Economy

Inflation Is Eating Up Your Paycheck: Real Incomes Fall For Fourth Straight Month

Personal income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. rose by 0.4% in November. Year on year, personal income is up a healthy 7.4%, according to the latest data from the Bureau of Economic Analysis today. (Keep in mind a chunk of this yearly gain came from government stimulus.) But when you adjust for the worst inflation in 40 years, real income actually fell last month.

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