Inflation Is Eating Up Your Paycheck: Real Incomes Fall For Fourth Straight Month

I’ve got good news and bad news. The good news is you probably put a little more money in your pocket in November. The bad news is inflation ate up all your income gains and then some. Real personal incomes fell 0.2% in November despite a healthy gain in nominal income. Personal income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. rose by 0.4% in November. Year on year,