A new EPI report finds that while real (inflation-adjusted) wages increased across the board in 2015 due to a sharp dip in inflation, the gap between top earners and everyone else continued to grow. “Real wage growth in 2015 is welcome news, since it means workers’ standards of living increased. However, this comes with two large caveats,” said Elise Gould, the report’s author. “First, wage inequality showed no sign of slowing down last year. And, relying on falling inflation is an unwanted and unsustainable strategy for increasing living standards.”
This week’s Economic Snapshot shows that women age 65 and older are more likely to be poor than men—and older, minority, and unmarried women are at greatest risk. For example, at 31 percent, Hispanic senior women have the highest poverty rate of any group, compared with 28 percent for Hispanic men over age 65. As women get older, they also become more likely to be in poverty. For more on the economic vulnerability of American seniors, see EPI’s TheState of American Retirement.