Lower-income households were hit hardest by inflation - but still gained purchasing power
October 06, 2025
October 06, 2025
CLEVELAND, Ohio, Oct. 6 -- The Federal Reserve Bank of Cleveland issued the following news release:
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Lower-income households were hit hardest by inflation - but still gained purchasing power
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Lower-income households were hit hardest by postpandemic inflation, but their wage gains made up for it by the end of 2024, according to new research from the Federal Reserve Bank of Cleveland.
Households in the bottom 40 percent of the . . .
* * *
Lower-income households were hit hardest by inflation - but still gained purchasing power
*
Lower-income households were hit hardest by postpandemic inflation, but their wage gains made up for it by the end of 2024, according to new research from the Federal Reserve Bank of Cleveland.
Households in the bottom 40 percent of the . . .