Unleash Prosperity "Yesterday’s September inflation report checked in at 3.7% year-over-year, driven by higher prices at the pump. That makes six months in a row that the inflation rate has been not just higher than Fed target of 2%, but high enough to outpace wages.
"But wait. Those are before-tax incomes. If we adjust for the Trump tax cuts, most middle-income families still have rising real purchasing power.
"At this stage of the Biden presidency real wages were down nearly 5%.
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