Despite how hard they work, families are feeling stretched too thin by the rising cost of living.
Congress must focus on lowering costs, raising wages, expanding economic opportunity, and ensuring that growth reaches everyone—not just the wealthy and well-connected.
Inflation is now rising faster than wages.
Prices increased 3.8% annually in April, compared to hourly earnings which rose 3.8%, according to the Bureau of Labor Statistics.
This is the first time inflation has outpaced wages since April 2023.