thefrugalfather

U.S. Consumers' Buying Power Increased for the First Time in More Than Two Years According to a report from the Bureau of Labor Statistics (BLS), real average hourly earnings—employee wages after accounting for inflation—increased by 0.2% from May 2022 to May 2023. The increase is the first since March 2021, indicating a turn in the tide of inflation, particularly in how it impacts consumers' wallets. The BLS June inflation report shows a 4% year-over-year increase in the cost of consumer...