Americans continue to spend the fruits of their labor.
Share on email They clearly are. Retail sales numbers for September arrived far better than expected, in what Axios Macro's Neil Irwin calls aThese retail sales numbers are not inflation-adjusted, meaning that a lot of the increase over the last year reflects the 3.
7% rise in theWage growth is solid — hourly earnings were up 4.4% compared to last year — and with inflation easing, real disposable income is up. That means that on the whole, people are better off than they were last year when inflation crushed real earnings.Share on twitter
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. economy will benefit when the racial homeownership gap is finally closedOnly 44% of Black Americans own their home, compared to 73% of white Americans
Read more »
Building affordable housing will help close American's racial homeownership gapOnly 44% of Black Americans own their home, compared to 73% of white Americans
Read more »
Americans Spend at Restaurants, Bars Even as Prices RiseRetail sales jumped up in September above what economists expected, illustrating the strength of the American consumer.
Read more »
Americans Can Expect to Spend Half Their Lives Taking a Prescription DrugTUESDAY, Oct. 17, 2023 (HealthDay News) -- Americans born in recent years can likely count on taking prescription drugs for about half their life, according to new research.
Read more »
Americans Can Expect to Spend Half Their Lives Taking a Prescription DrugAmericans born in recent years can likely count on taking prescription drugs for about half their life, according to new research.
Read more »
More Than 7 Million Americans Have Gotten the New COVID ShotsFollowing a rocky rollout, more than 7 million Americans have now gotten the newly updated COVID vaccines.
Read more »