Increased Salaries Are No Match, for Skyrocketing Inflation.<br />CNBC reports wages have increased <br />for employees in the United States, .<br />but this year, modest gains for the labor force have been no match for inflation, which sits at its highest rate in over 40 years.<br />but this year, modest gains for the labor force have been no match for inflation, which sits at its highest rate in over 40 years.<br />Per the U.S. Bureau of Labor Statistics, <br />average hourly wages adjusted for <br />inflation fell .8% in February.<br />Per the U.S. Bureau of Labor Statistics, <br />average hourly wages adjusted for <br />inflation fell .8% in February.<br />Wages are up 5.1% over the past year, which is trailing <br />the pace of inflation, Mark Hamrick, economic analyst at Bankrate.com, via CNBC.<br />In the last year, the average price of <br />groceries has ballooned by 8.6%.<br />Per the U.S. Department of Labor, <br />this is the highest increase in <br />grocery prices since April 1981.<br />Per the U.S. Department of Labor, <br />this is the highest increase in <br />grocery prices since April 1981.<br />Overall energy costs, including fuel, experienced their highest rise since July 1981.<br />Experts say the inflated economy <br />of the United States is beginning to <br />take a toll on its citizens.<br />Experts say the inflated economy <br />of the United States is beginning to <br />take a toll on its citizens.<br />People do not buy food staples, gasoline or electricity because they love these things; they buy them because they need them. , Mark Hamrick, economic analyst at Bankrate.com, via CNBC.<br />People do not buy food staples, gasoline or electricity because they love these things; they buy them because they need them. , Mark Hamrick, economic analyst at Bankrate.com, via CNBC.<br />Per a report from LendingClub, <br />nearly 64% of citizens of the United States <br />are currently living paycheck to paycheck.
