by Sara Chernikoff, Mike Snider
USA Today
Former President Donald J. Trump wants to “make America wealthy once again.” That was the theme for day of one The Republican National Convention. Economic policies, inflation, regulation and trade deals, were the focus of Monday’s speeches, according to the GOP.
Is pay keeping up with inflation? Are Americans on a path to become wealthier? Here’s what we found:
The average hourly wages of employees rose in June compared to a year ago. The Bureau of Labor Statistics found that wages grew 3.9% between June 2023 and June 2024, quicker than the rate of inflation. Although the news is beneficial to employees, many Americans still feel the burden of rising costs of living.