Is Your Hourly Pay Or Salary Keeping Up With Inflation?

The Atlanta Fed has a wage tracker data series. I added CPI information to see who is and isn’t keeping up with inflation.Wage data from the Atlanta Fed, CPI from the BLS, chart by Mish I downloaded data from the .

The Atlanta Fed’s Wage Growth Tracker is a measure of the nominal wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart. Our measure is based on methodology developed by colleagues at the San Francisco Fed.

The the Atlanta Fed data I added CPI data from the BLS. We can track real (inflation-adjusted) wages by subtracting the increase in the CPI from the increase in nominal wages.Real Wage Growth TrackerWage Growth Discussion

The data is worse than it looks for anyone renting and struggling to buy a home because home prices are not in the CPI.The Fed’s Big ProblemOn average, the economy looks OK. But averages are misleading. Several large groups of people are struggling. They all have one thing in common.Case-Shiller home price index, CPI rent index, and the index of hourly earnings for production and nonsupervisory workers.Wage data is another way of looking at The Fed’s Big Problem: Who’s Unhappy?

In general, renters and those under the age of 40 are most likely impacted. Click on the above link for details.More By This Author:The CBO Revised The Cost Of Biden’s Energy Policies Up By $466 Billion The Fed’s Big Problem, There Are Two Economies But Only One Interest RateHow China Gets Around US Sanctions On Semiconductors