Wage increases are not keeping up with inflation
March 22, 2022 No Comments
U.S. wages are increasing, but not nearly enough to keep up with the soaring cost of gasoline and rent, according to a new analysis by the Urban Institute.
Why it matters: Low-income households — disproportionately people of color — are likely to feel the squeeze the most, writes senior research associate Yonah Freemark in the organization’s Urban Wire blog post.