Everything is rising except people’s paychecks.

The claim that "everything is rising except people’s paychecks" reflects a widely observed economic trend where the cost of living, including prices for goods, services, and housing, has increased faster than wage growth for many workers. Multiple sources indicate that although nominal wages have risen at times, these increases often lag behind inflation rates, resulting in stagnant or declining real wages.

For example, data from recent years show that inflation outpaced wage growth, especially impacting low- and middle-income workers who face higher relative burdens from rising expenses. Some reports note that while employment levels have improved and wages have grown modestly in certain sectors, these gains are insufficient to offset the rapid rise in living costs. This dynamic contributes to financial strain for many households, with a significant portion of workers reporting their paychecks do not keep up with inflation.

However, it is important to note that wage trends can vary by sector, region, and time period, and some workers have experienced pay increases. Overall, the statement captures a general economic reality but may oversimplify nuances such as wage growth in specific contexts.