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US Low-Income Wage Growth Slows to Smallest Gain Since 2016

The bottom third of American earners saw just 0.9% after-tax wage growth in August, down sharply from 3.0% earlier this year.

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Terms & Concepts
  • YoY Wage Growth: Year-over-year wage growth measures the percentage change in income compared to the same month in the previous year.
  • After-Tax Income: The amount of earnings remaining after all taxes have been deducted, reflecting disposable income.