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Lower-Income Wage Growth Reaches 4.1% in June, Narrowing Income Divide to Lowest in Years

2026-07-09 16:11:46

BAC1.81%

PNC1.65%

According to Bank of America Institute, lower-income households saw after-tax wage growth accelerate to 4.1% in June, up from 2.9% in May—the narrowest gap with middle-income (3.4%) and higher-income (4.2%) households in years. Separately, PNC reports the spending gap between lower- and higher-income households is at its smallest in three years, with the gap excluding gasoline spending narrowing even further.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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