Archive for June 23rd, 2006
Daily Archive
Friday, June 23rd, 2006
Salaries not keeping up with inflation?
According to this article on MSNBC.com, the average salary range increase for this year is 3.5%. This doesn’t exactly keep up with the government’s released figures of 5.2% CPI-U inflation rate. Essentially, the average salary worker is losing $17 per $1000 earned to inflation this year. For someone making $40,000/year that translates to a loss [...]