Reproduced from the Urban Institute; Note: Gas and hourly earnings are seasonally adjusted; Chart: Axios Visuals
U.S. wages are increasing, but not nearly enough to keep up with the soaring cost of gasoline and rent, according to a new analysis by the Urban Institute.
Why it matters: Low-income households — disproportionately people of color — are likely to feel the squeeze the most, writes senior research associate Yonah Freemark in the organization's Urban Wire blog post.
