Are wages keeping up with inflation? For the first time since May 2023, the answer is no.
From April 2025 to April 2026, wages grew 0.24 percentage points slower than inflation.
Looking over the last 20 years:
💵Nominal wages (the literal dollars earned regardless of cost of living) rose from $685/week to $1,283 — an 87.2% increase.
💵 Real wages (inflation-adjusted equivalent to nominal wages) rose from $1,142/week to $1,283 — a 12.3% increase.
💵 The nominal wage growth is $598, but the real wage growth is $141.
Across the country, 40 states and DC saw increased real wages from March 2025 to March 2026 — with Virginia seeing the highest increase of 5.6%.