Prices of "core" items are rising twice as fast as wages
(NEWSER) - The rising price of essentials and sluggish growth in wages mean that inflation is hitting low- to middle-income families hardest, the Washington Post reports. Americans are paying 9.2% more for staples—groceries, gas, health care, etc.— than they did in 2006, nearly twice the pace of the growth in wages. Prices for luxury items—restaurant meals, new cars, etc.—are also rising, but not nearly as fast. More»