Nearly three-fourths of American workers believe that the cost of living is outpacing their wages, according to Bank of America’s 12th annual Workplace Benefits Report. According to a news release announcing the results, “71% feel the cost of living is outpacing growth in their salary or wages. This is having an impact on employees’ overall feeling of
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On Wednesday, the Federal Reserve announced an interest rate hike of 0.75% to combat the inflation crisis, marking the third consecutive 0.75% increase. According to a recent report from the Bureau of Labor Statistics, prices
On Tuesday, top Democrat economist Larry Summers, who served in the Clinton and Obama administrations, responded to the news that the inflation crisis worsened in August, warning that the United States still has a
Nine months ago, Democrat President Joe Biden said he thought that inflation had reached its peak. Since then, inflation continued to rise to its highest level in 40 years. “I think it’s
During a speech on Thursday, Treasury Secretary Janet Yellen praised the economy under Democrat President Joe Biden, saying the United States experienced “one of the quickest economic recoveries in our modern history.” Yellen’s comments came
