Download as PDF On November 6, 2019, the IRS announced cost of living adjustments changing dollar li...
May 01, 2022
Inflation Cuts into Wage Gains
Driven by labor shortages, median hourly wages increased at an annual rate of 5.2% in December 2021, the highest level since June 2001. However, inflation cuts into buying power, and real wages — adjusted for inflation — actually dropped as inflation spiked in 2021. By contrast, negative inflation (deflation) during the Great Recession sent real wages skyrocketing temporarily even as non-adjusted wage growth declined.
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View as PDF On October 26, 2020, the IRS announced cost of living adjustments changing dollar limita...
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The IRS has announced cost of living adjustments changing dollar limitations for retirement-related ...