As inflation surges due to the president’s disastrous war in the Middle East, wages are not keeping up with skyrocketing costs.
It means hardworking families are falling further and further behind.
They deserve better.
Inflation is so high that it's erasing all wage gains.
Inflation: 4.2% in May for the past year
Wage growth: 3.4% in May for the past year.
Americans are getting squeezed financially. This isn't just "bad vibes" about the economy. There is real pain, especially for middle-class and lower-income households. It's tough because so many basic items are seeing sizable price increases: gas, electricity, food, medical care.