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Inflation Wage Gap

INFLATION WAGE GAP The dollar has lost a lot of value in the last 100 years. In 1915, a person with only $4.26 could buy the same $4.26 $100 %3D amount of food, clothing, and other necessities as $100 would buy today. 1915 2016 Inflation is the necessary cost of an expanding economy. The Fed keeps interest rates low to stimulate spending, which drives demand and ultimately economic growth. In fact, the Fed targets a core inflation rate. In other words, as long as prices (excluding volatile food and energy) only rise 2% a year, the economy will grow at a healthy rate. The annual inflation rate in the U.S. is 0.1% 24 Of course, this is just fine as long as your income also increases more than 2% a year. If not, then inflation will eat away at your standard of living. For many Americans, that is exactly what has happened. AVERAGE WAGES REMAINED FLAT WHILE Income inequality has increased. Between 2000-2006, average wages remained flat despite an increase in worker productivity of 15%. In those six years, corporate profits increased 13% per year. And WORKER PRODUCTIVITY WENT UP CORPORATE PROFITS WENT UP 15% 13% that was before the recession. Who Americans Think the U.S. Economic System Favors 61% of Americans said the U.S. economic system favors the wealthy, while just 35% said it's fair to most people, according to a Pew Research Center survey conducted in 35% 61% March. A similar share (66%) of Americans said the gap between rich and poor had increased in the past five years; nearly three-quarters of respondents said the rich-poor gap was either a "very big" (47%) or "moderately big" (27%) problem. • Said it favors the wealthy • Said it's fair to most people Americans Who View the Rich-Poor Gap a "Very Big" Problem And while 54% of low-income people 54% and 49% of middle-income people called the rich-poor gap a "very big" problem, only 36% of high-income people did so. A third of the high-income group said the LOW-INCOME PEOPLE MIDDLE-INCOME PEOPLE 49% rich-poor gap was either a small problem (19%) or not a problem at all (14%). HIGH-INCOME PEOPLE 36% 10 20 30 40 50 60 Selling off an annuity can cost surrender charges of up to 10%, but it can get you the cash you need to help get ahead of the challenges posed by inflation. 10% SOURCES: 398.7197909355163574218750 Brought to you by: 123 LUMP SUM ..*.....******.************-.****

Inflation Wage Gap

shared by lumpsum on Jun 24
“Inflation” might be a word you’ve heard floating around when people complain about the price of items or the state of wages, and especially income inequality, but what exactly is it? In short, ...


123 Lump Sum


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