“Inflation, as measured by the Consumer Price Index, is projected at 3.4 percent in 2008 and 2.2 percent next year. Inflation-adjusted disposable personal income is likely to grow 1.2 percent this year and 3.0 percent in 2009.”-NAR
Really? I mean I kinda thought that prices were rising faster than wages right now. We are 3 months into a recession (when wages fall) and inflation is picking up or sustaining, not falling. I mean seriously, a 4.6% wage increase in a recession?
