Back to today’s briefing

Story perspectives

Income Declines Hit 40% of American Workers Amid Inflation

7/28/2025

48 6

Summary

Story summary

Over 40% of American workers faced real income declines as wages rose 2.9%, lagging behind a 2.7% increase in consumer prices.
New Zealand saw a year-on-year job loss of 27,850, impacting young workers significantly.
Wage growth in New Zealand was limited to 1.2%, while inflation reached 2.7%.
Economists forecast rising unemployment and ongoing economic challenges, particularly for lower-income groups.

1 of 1

Story summary

Over 40% of American workers faced real income declines as wages rose 2.9%, lagging behind a 2.7% increase in consumer prices.
New Zealand saw a year-on-year job loss of 27,850, impacting young workers significantly.
Wage growth in New Zealand was limited to 1.2%, while inflation reached 2.7%.
Economists forecast rising unemployment and ongoing economic challenges, particularly for lower-income groups.