Latest Personal income News

UK consumer prices rise at fastest pace in almost 30 years

Jan. 19, 2022 09:36 AM EST

LONDON (AP) — Consumer prices in the United Kingdom have risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food and furniture squeezed household incomes. Inflation accelerated to 5.4% in the 12 months through December, up from November's 5.1%,...

Consumer prices up 5.7% over past year, fastest in 39 years

Dec. 23, 2021 09:58 AM EST

WASHINGTON (AP) — U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way. The November increase, reported Thursday by the Commerce Department, followed a 5.1% rise for...

Supply shortages and emboldened workers: A changed economy

Dec. 20, 2021 10:56 AM EST

Employees at a fast-food restaurant in Sacramento, California, exasperated over working in stifling heat for low wages, demanded more pay and a new air conditioner — and got both. Customer orders poured in to an Italian auto supplier, which struggled to get hold of enough supplies...

Americans are spending but inflation casts pall over economy

Nov. 24, 2021 18:41 PM EST

WASHINGTON (AP) — Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall. A raft of economic data issued Wednesday showed the economy on solid footing, with Americans’ incomes rising and jobless...

Rising rents taking up growing share of Americans’ income

Nov. 04, 2021 14:59 PM EDT

LOS ANGELES (AP) — Sharp rent increases in many parts of the country are eating up a bigger share of Americans’ monthly income, squeezing tenants already grappling with rising prices for gasoline, food and other necessities. Households with a median U.S. rent of...