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March 2022: Susan's Monthly Newsletter

Inflation Cuts into Wage Gains

Driven by labor shortages, median hourly wages increased at an annual rate of 5.2% in December 2021, the highest level since June 2001. However, inflation cuts into buying power, and real wages — adjusted for inflation — actually dropped as inflation spiked in 2021. By contrast, negative inflation (deflation) during the Great Recession sent real wages skyrocketing temporarily even as non-adjusted wage growth declined.

 

Also in this issue:

  • ETFs Are Gaining on Mutual Funds: Here's Why
  • Key Retirement and Tax Numbers for 2022
  • Splurge or Save? Making the Most of Your Income Tax Refund

To download the complete pdf click here.