(Washington Post) — As salary increases have gotten smaller in recent years, you might have consoled yourself with the knowledge that at least you were staying ahead of inflation. Now you may not even be able to count on that. For the first time since 1979, the increase in salaries in the Washington area was less than the rate of inflation. Wages as a whole for metropolitan Washington rose just 0.04 percent in 2011, a new salary survey found. The rate of inflation in the region shot up to 4.1 percent in July (the latest month for which the figure is available) compared to a year ago. “If you earn $100,000 and get a 2 percent increase and the rate of inflation is 3 percent, you’re already in the hole $1,000,” said Angelo Kostopoulos, president of Akron Inc., a District-based research firm that compiled and analyzed survey data for the Human Resource Association of the National Capital Area.
Inflation Swallows Raises in the Washington Area
More on Madame Noire!
- Do Not Take My Picture!!!! Celebs Who’ve Fought Back (Hard) Against Paparazzi
- When The Shoe Don't Fit, You Have To Quit! The Worst Celebrity Foot Offenses
- You Have 0 New Messages: Signs It's Time To Re-Vamp Your Online Dating Profile Now
- Do It Now! 10 Steps To Fighting Procrastination
- Ask A Very Smart Brotha: Why Don't The Smart, Successful Men Date Black Women?
- Gizmos, Gadgets, And Games That Kept Us Entertained Back In The Day
- Breathe, Stretch, Prioritize: How To Be More Productive At Work
More from StyleBlazer
More from MommyNoire
MadameNoire Video
-
Mommy In Chief
Actress Kym Whitley Talks New Baby & Food Allergies for Kids | Mommy in Chief
-
Mommy In Chief
Calling All Confident Kids Of Color!
Is your child energetic and full of life?
Read More -
Home Savvy
Home Savvy Producer’s Blog Post #1: Behind The Scenes Footage/Pics of The Savvy Search for a New Host
-
Home Savvy
Finalist #4 – Brandhyze Stanley | The Savvy Search for a New Host – Home Savvy
Comment Disclaimer
Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN


