Americans have gotten bigger raises than other rich countries over the last few years
The US has outperformed the other G7 countries in gross domestic product growth and harmonized inflation, compensating for differences in the methods each country uses to calculate inflation. Now, 2022reveals America's percent change in inflation-adjusted wages since 2019 exceeds other G7 countries, an informal group of wealthy industrialized democracies.
Italy and Germany had the lowest percent changes over the last four years, both down around 3%. Other European countries including Spain and Greece have also seen real wages fall, according to the OECD.over the last few years, with consumption spending down and still-recovering supply chains. that decline in real wages has contributed to the disconnect between how the economy is performing and what Americans feel about the economy, which has been dubbed the"vibecession."0.2% month over month and increased 1.2% from the year prior. This was the first time real weekly earnings substantially grew on an annual basis in 26 months.in May for the first time in two years, up 4.3% from May 2022. That month, prices rose by just 4.0%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A night at the club where queer Asian Americans no longer feel like 'black sheep'Being Asian American and LGBTQ+ can feel lonely, with institutions such as ethnic churches often disavowing non-heterosexual relationships while traditional LGBTQ+ spaces such as gay bars can be unwelcoming.
Les mer »
Americans widely pessimistic about democracy in US, AP-NORC poll findsMost people believe U.S. laws and policies on key issues don't do a good job of representing what they want, including issues on the economy and abortion.
Les mer »
More Americans are moving to Spain — and paying high prices for real estateThe expat American population in Spain jumped 13% from 2019 to 2021 and are the foreign demographic paying the second-highest amount for living space.
Les mer »
More Americans getting turned down for loans, Fed data showsThe rejection rate for loan applicants jumped to 21.8% in the 12 months through June, the highest level in five years.
Les mer »