Low earners were hit hardest by inflation as savings and pandemic aid dwindle, study finds - CNBC

2/25/2022 12:00:00 AM3 years 2 months ago
by Greg Iacurci
by Greg Iacurci
Higher living costs were triple the wage growth of the lowest-income workers, according to a new study. Meanwhile, their cash buffer is getting depleted.
Inflation Consumer prices in January rose 7.5% from a year earlier, the fastest annual pace in 40 years. However, households don't feel those price shocks equally. The lowest-income working househ… [+4134 chars]
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