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It's Rico Daley. I'm Adam Clark Estes.

And I have a question for you.

In the past year, did you get a raise at work or maybe switch to a job with better pay?

If it's yes, then congratulations.

You're among the many workers in the United States who've watched their paychecks get bigger in the last 12 months.

But sorry to say, these days, getting paid more does not necessarily make you richer.

Here's Rico Daley's Ronnie Mola.

So inflation is at a 40-year high.

Wages have grown a lot in the past year, but they have not kept pace with inflation.

In January, the Consumer Price Index, which is a basket of a whole bunch of goods across the economy,

was up 7.5% on average, and your salary probably didn't keep up with inflation.

So in other words, you might be making more money, but your money has less purchasing power.

So this is bad for workers, obviously.

It's also bad for their bosses, too.

It sounds bad. Is everything more expensive?

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