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Pay Gains Outpaced by Inflation | Detroit News
Published 4 days, 19 hours ago
Description
American paychecks surged 38% since 2019, hitting $1,250 weekly on average — but inflation erased most of that gain. Prices spiked 9% in 2022, the worst since 1981. Low-wage workers saw the biggest real gains (9.4%), while top earners lagged at just 2.6%. Even after inflation, typical workers still gained 5.9% — a rare bright spot after decades of stagnant or falling wages.
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