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Inflation Continues To Chew Up Your Paycheck

BY TYLER DURDEN

Via SchiffGold.com,

 

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.

 

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