Roughly three-quarters of Americans say their incomes are lagging behind inflation, according to a CBS News poll.
Recent economic data attests to the dip in so-called real wages. In April, U.S. inflation rose at an annual rate of 3.8% from a year ago, while workers' paychecks grew 3.6% — the first time since 2023 that consumer prices have outpaced wage growth. READ MORE
