Monday, November 07, 2005

Working for Less Buying Power

Finding it harder to make ends meet?

That's not uncommon. Figure in inflation, and if you're an average American worker -- you earned 2.3% less than a year ago.

Average pay went up 8-cents an hour last year -- to $16.27 an hour. But that didn't keep up with inflation.

And -- when you adjust for inflation -- you're earning less today than you did four years ago. That's when the current growth cycle began. (CSM) [Click on Christian Science Monitor graph to read their full analysis]

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