www.zerohedge.com BY TYLER DURDEN
Inflation continues to chew up your paycheck.
While consumer prices rose 0.7% in January, income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. was essentially flat.
And when adjusted for inflation, real personal income fell by 0.5%.
In other words, you didn’t put any more money in your pocket in January. But you’re paying more — for everything.
