Inflation-adjusted weekly wages fell more than 2% in the third quarter from the previous quarter to their lowest level in over two years, the second-largest quarterly drop on record in nearly 50 years and the largest outside the COVID-19 pandemic. The article says Trump has now presided over the top four quarterly wage drops in history. Wholesale inflation rose 6.3% year over year in September, far above expectations, while consumer inflation reached 3.7%, its highest since May. It quotes DNC Deputy Communications Director Kendall Witmer blaming Trump and JD Vance's policies, saying Americans paid an extra $4,700 on essentials, including $310 on groceries and $915 on housing, plus $140 billion more on gas and diesel, with gas above $4 per gallon for 165 days this year. The piece also cites a poll finding nearly 70% disapprove of Trump's handling of the cost of living and nearly 75% disapprove of his handling of gas prices.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: NEW DATA : Wages Drop to the Lowest Point in More Than Two Years
Read the original on democrats.org ↗
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inflationcost of livingDXYfuel prices
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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