In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

In the three months to June 2025, average weekly earnings in the United Kingdom grew by five percent, while pay including bonuses grew by 4.6 percent, when compared with the same period leading to June 2024. In the same month, the inflation rate for the Consumer Price Index was 3.6 percent, indicating that wages were rising faster than prices that month. Average salaries in the UK In 2024, the average salary for full-time workers in the UK was 37,430 British pounds a year, up from 34,963 in the previous year. In London, the average annual salary was far higher than the rest of the country, at 47,455 pounds per year, compared with just 32,960 in North East England. There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. Waves of industrial action in the UK One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes. Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK's public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

This study examines the effect of inflation targeting (IT) on income distribution in a panel of 70 countries. Employing a variety of propensity score matching methods, we find strong evidence that that incomes became more unequal in IT-adopting countries relative to countries that did not adopt IT. On average, IT has been associated with a relative rise in the pre- and post-tax Gini coefficients of about 2 percentage points, and a relative increase in the share of national income going to the top 1% and 10% of households by about 12 percentage points and 13-17 percentage points.

Graph and download economic data for Employment Cost Index: Wages and Salaries: Private Industry Workers (ECIWAG) from Q1 2001 to Q2 2025 about cost, ECI, salaries, workers, private industries, wages, private, employment, industry, inflation, indexes, and USA.

Wages in Germany increased 1.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages for regular pay in the United Kingdom grew by approximately 4.8 percent in June 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 0.7 percent. Twenty months of inflation outpacing wages Between November 2021 and June 2023, inflation was higher than wage growth in the UK, resulting in falling real terms earnings throughout this 20-month period. While UK inflation peaked at 11.1 percent in October 2022, it was not until April 2023 that it fell below double figures, and not until May 2024 that it reached the Bank of England's target of two percent. Forecasts from the Autumn 2024 budget predict that the annual UK inflation for 2024 will be 2.5 percent, down from 7.3 percent in 2023 and 9.1 percent in 2022. Due to high inflation, the UK's minimum wage also rose quite significantly during this period, with the "main" rate increasing from 8.91 pounds per hour in 2021 to 12.21 pounds per hour in 2025. Average earnings and gender pay gap For full-time workers in the United Kingdom, the median average annual earnings was 37,430 British pounds in 2024, compared with 34,663 pounds in 2023. In London, average earnings were significantly higher than the rest of the country, at 47,455 pounds. Just two other areas of the United Kingdom, the South East and Scotland, had annual salaries above the UK average. North East England had the lowest average salary, at 32,960 pounds. As of 2024, the gender pay gap for median gross hourly earnings in the UK was 13.1 percent for all workers, falling to seven percent for full-time workers and -3 percent for part-time workers. Compared with 1997, when the gender pay gap was 27.5 percent for all workers, there has been a degree of progress, although, at current trends, it will be some time before the gap is closed entirely.

Low income Mexican households were the most affected by inflation. According to the source, the annual inflation rate of the representative consumer basket of households with low income experienced the largest increase in February 2024: **** percent compared to the same month of the previous year. By contrast, the market basket of high income households (those that earn, on average, a monthly income of ****** Mexican pesos) registered an inflation rate of **** percent.

Inflation Rate in Brazil decreased to 5.13 percent in August from 5.23 percent in July of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in India increased to 2.07 percent in August from 1.61 percent in July of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

Inflation Rate in Egypt decreased to 12 percent in August from 13.90 percent in July of 2025. This dataset provides - Egypt Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Dataset Overview

This dataset provides a comprehensive overview of the U.S. workforce and their median weekly earnings over time, spanning from 2009 to 2021. The data is broken down by gender and includes both current and constant dollar values, providing insight into the economic trends affecting different segments of the workforce.

Columns Description

• Year: The year of the data point.
• Quarter: The quarter of the year (1-4) when the data was collected.
• Number of workers (in thousands) - Total: The total number of workers in the U.S. workforce, reported in thousands.
• Number of workers (in thousands) - Men: The number of male workers in the U.S. workforce, reported in thousands.
• Number of workers (in thousands) - Women: The number of female workers in the U.S. workforce, reported in thousands.
• Median weekly earnings (in current dollars) - Total: The median weekly earnings of all workers in the U.S. workforce, reported in current dollars.
• Median weekly earnings (in current dollars) - Men: The median weekly earnings of male workers in the U.S. workforce, reported in current dollars.
• Median weekly earnings (in current dollars) - Women: The median weekly earnings of female workers in the U.S. workforce, reported in current dollars.
• Median weekly earnings (in constant dollars) - Total: The median weekly earnings of all workers in the U.S. workforce, adjusted for inflation and reported in constant dollars.
• Median weekly earnings (in constant dollars) - Men: The median weekly earnings of male workers in the U.S. workforce, adjusted for inflation and reported in constant dollars.
• Median weekly earnings (in constant dollars) - Women: The median weekly earnings of female workers in the U.S. workforce, adjusted for inflation and reported in constant dollars.

Dataset Summary

This dataset contains 37 entries, each representing a quarter from Q4 2009 to Q4 2021. It offers a valuable perspective on workforce trends and wage disparities between men and women over time, adjusted for inflation. The data can be used for economic research, gender studies, and trend analysis.

Potential Use Cases

1. Economic Analysis: Study the trends in workforce participation and earnings over time.
2. Gender Wage Gap Research: Analyze the wage disparities between men and women.
3. Inflation Impact Study: Assess the impact of inflation on workers' earnings over time.
4. Quarterly Workforce Insights: Gain insights into how the workforce composition and earnings change quarter by quarter.

Acknowledgements

This dataset is compiled from public sources, aiming to provide a clear picture of the U.S. workforce and wage trends over the years.

Inflation Rate in Pakistan decreased to 3 percent in August from 4.10 percent in July of 2025. This dataset provides the latest reported value for - Pakistan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Truth Or Consequences, NM, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Truth Or Consequences did not include 5, 6, or 7-person households. Across the different household sizes in Truth Or Consequences the mean income is $56,928, and the standard deviation is $38,611. The coefficient of variation (CV) is 67.82%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $20,161. It then further increased to $110,968 for 4-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/truth-or-consequences-nm-median-household-income-by-household-size.jpeg" alt="Truth Or Consequences, NM median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Truth Or Consequences median household income. You can refer the same here

About this dataset

Context

The dataset presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Truth Or Consequences. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time and part-time work. The dataset can be utilized to gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals.

Key observations: Insights from 2023

Based on our analysis ACS 2019-2023 5-Year Estimates, we present the following observations: - All workers, aged 15 years and older: In Truth Or Consequences, the median income for all workers aged 15 years and older, regardless of work hours, was $23,140 for males and $22,080 for females.

Based on these incomes, we observe a gender gap percentage of approximately 5%, indicating a significant disparity between the median incomes of males and females in Truth Or Consequences. Women, regardless of work hours, still earn 95 cents to each dollar earned by men, highlighting an ongoing gender-based wage gap.

Surprisingly, within the subset of full-time workers, women earn a higher income than men, earning 1.23 dollars for every dollar earned by men. This suggests that within full-time roles, womens median incomes significantly surpass mens, contrary to broader workforce trends.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Gender classifications include:

• Male
• Female

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Variables / Data Columns

• Year: This column presents the data year. Expected values are 2010 to 2023
• Male Total Income: Annual median income, for males regardless of work hours
• Male FT Income: Annual median income, for males working full time, year-round
• Male PT Income: Annual median income, for males working part time
• Female Total Income: Annual median income, for females regardless of work hours
• Female FT Income: Annual median income, for females working full time, year-round
• Female PT Income: Annual median income, for females working part time

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Truth Or Consequences median household income by race. You can refer the same here

Inflation rates for the lowest income households were almost always higher than for the highest income households between 2005 and 2021. The biggest difference was seen in December 2008, when the lowest income households experienced inflation rates 0.8 percent greater than the highest income households. In 2021, the difference in the inflation rate experienced by the lowest income households and the highest income households fell considerably, reaching -0.52 percent in July 2021, meaning that inflation was 0.52 percent higher for the highest earners versus the lowest earners.

The Consumer Price Index The consumer price index (CPI) measures the rate of inflation on a basket of goods as a way to document the general inflationary experience of all urban consumers. While this measure of inflation can give us insights into the general price increases of consumer goods, it may not reflect the actual inflation experienced by any given household. Consumers from different income brackets actually behave quite differently when it comes to consumption preferences and their willingness to pay.

Inflation in 2022 2022 was an exceptional year for inflation worldwide due to a multitude of factors relating to the COVID-19 pandemic and the Russian invasion of Ukraine. The inflation rate in the United States reached a high of 9.1 percent during the summer, with consumers experiencing record fuel prices, and increased concerns over the state of the economy. Despite the 2021 figures indicating that inflation has been higher for the highest earners, the pandemic saw U.S. billionaires increase their wealth by 57 percent between March 2020 and March 2022.

Inflation Rate in Taiwan increased to 1.60 percent in August from 1.54 percent in July of 2025. This dataset provides the latest reported value for - Taiwan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (PCEPILFE) from Jan 1959 to Jul 2025 about core, chained, headline figure, energy, PCE, consumption expenditures, consumption, personal, inflation, price index, indexes, price, and USA.