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While low-income workers notched substantial wage gains during and after the pandemic, there are signs that their prosperity may be dwindling. 

Abigail Wozniak, a vice president at the Federal Reserve Bank of Minneapolis said while low-income earners were, in part, financially able to catch up with higher-income earners in the past few years, that’s no longer true.

“The Fed targets one inflation measure, but the pandemic has generated a lot of research interest in the question of whether that's true, whether everyone experiences inflation the same way," Wozniak said. "The early evidence is that they don't, and there's some more inflation for lower earners.”

During the pandemic, workers in sectors such as leisure and hospitality had to return to in-person work—unlike those in other sectors. As a result, businesses like restaurants had to boost wages considerably to attract workers, Wozniak said in an interview. 

However, that is beginning to change. In 2024, real wage growth for the bottom quartile of earners was nearly one percentage point less than it was in 2019, according to a study from the Minneapolis Federal Reserve.

While wages for low-income workers still outpace inflation, there are indicators that some workers may be struggling financially as households have spent down their pandemic savings and face higher expenses.

Research from the New York Fed found that before the pandemic, low-income households experienced above-average inflation and spent a greater percentage of their income on food and housing.

“I think inflation has been a significant driver in some of the financial pressures that people have felt over the past year,” says Bruce McClary, a Senior Vice President at the National Foundation for Credit Counseling. “Unfortunately, many people still are not at a point where they're able to find breathing room in their budget.”

Executives from major banks and consumer food companies have also indicated that low-income consumers face more financial headwinds in recent earnings calls. 

Jeremy Barnum, the chief financial officer of JPMorgan Chase, suggested lower-income workers may be shifting more of their spending to essentials from discretionary expenses like eating out or concerts, in the company’s Q2 earnings call.

Higher prices aren't the only trouble households face. The Fed's campaign of rate hikes to fight inflation has made borrowing—from mortgages to credit cards—expensive. That's making it hard for more people to pay their bills on time.

In May, the New York Fed found credit card delinquencies were up in the first quarter from the on prior, especially among those with higher credit utilization ratios—or those who are close to maxing out their credit cards. According to the study, younger people and those living in low-income neighborhoods were more likely to have maxed-out credit cards.

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Embryo donation — the process by which a family donates their "extra" embryos to a couple or individual — is a viable path to parenthood. In a previous blog post, I addressed some of the reasons why people who consider their families complete after in vitro fertilization (IVF) might choose to donate embryos.

Who, then, is on the receiving end? Often, this option interests people considering adoption, and individuals or couples who need donated eggs or sperm, or both, to achieve pregnancy. If you find yourself in one of these groups, here are some initial questions and issues you might consider as you make your decision.

Embryo donation or adoption: A few points to compare

Pregnancy. The opportunity to experience pregnancy draws some prospective adoptive parents to seek embryo donation. This may be important to you. It may be a life experience you always looked forward to, or hoped to share with a spouse or partner. Or perhaps you are concerned about having someone else carry your baby. For example, prospective adoptive parents often worry that their future child could be affected before birth by a birth mother's choices around drugs and alcohol, or exposures to unavoidable stresses.

Time frame and cost. The pandemic fueled already significant declines in the number of babies placed for adoption. If you are seeking to adopt a newborn, you are likely to face a wait of two years or more. By contrast, embryos are available, and an embryo transfer often occurs within six months of making the decision to seek donated embryos.

The cost of embryo donation is considerably less than adoption. If you go through an agency there will be a fee, as well as costs related to moving embryos from one clinic to another and (depending on your medical insurance) costs associated with medications and with the embryo transfer. While costs are substantial and vary across the US, fees are much higher for infant adoption than for embryo donation.

Although the short wait and lower costs are attractive when comparing embryo donation to adoption, it is important to know that embryo donation does not always result in a live birth, while adoption — with a reputable agency — will bring a baby into your home.

Your child's story. All of us want our children to feel good about their origin stories. Adoptive families have long recognized that some adoptees have enduring feelings of loss because their birth parents chose to make an adoption plan. Some people believe embryo donation mitigates these losses because the child is born into the family they will be raised in. However, others see it differently: they feel that embryo donation brings with it a more complicated origin story. How will a child make sense of the fact that they began as an embryo created by people longing for a baby, but an embryologist chose another embryo for transfer, making them "extra"? Might this lead to a greater sense of displacement, and perhaps to feeling like a bit of a science experiment?

Choosing family backgrounds. If you pursue adoption, you'll weigh in on the race of your child. You may be able to request birth parents who avoided drugs or alcohol during the pregnancy and/or have family histories free of serious physical or mental health problems. You will not be able to narrow your match to people you like or feel are compatible, people who feel familiar, and whose interests and values align with yours.

If you pursue embryo donation, you and the donor family get to choose each other. Before anyone makes a commitment, you can confirm with the donor family that you have a shared perspective of how much contact you want to have, and what each of you believes is in the best interest of the children involved. Decisions tend to feel more collaborative than in adoption, where it may feel like "birth parents get to make all the decisions."

Embryo donation or egg or sperm donation: A few points to compare

If you are in a position to need sperm or egg donation, or both, you might be comparing this with embryo donation as a path to pregnancy. Below are key points to consider, and some questions that may arise as you sort through your options.

Since pregnancy is your primary goal here, you are probably thinking about which option is likely to work best. With embryo donation, one might say you get a head start, since you begin with healthy embryos. However, the number of embryos you receive will be limited.

You could decide to seek a second donor family if you don't achieve pregnancy with embryos from the first donor, although this would be a long, discouraging path. By contrast, if you seek donated sperm and eggs separately and begin with a large number of eggs, you may have a larger number of embryos to work with.

Time frame and cost. The good news is that each of these options can be available to you without delay. You can obtain donor sperm from a donor known to you, or from major cryobanks within days of choosing a donor. If you choose frozen eggs, these can be secured quickly also. Donated embryos take longer to locate and arrange for their transfer from one family to another.

Your medical insurance will play a big role in determining the expenses associated with each option. Sperm from a known donor usually is free. With egg and sperm donation from a cryobank, you will owe a fee to the donors. In the case of egg donors, fees can be high. With embryo donation, no fee is paid to the donating family.

Your child's story. If you opt for embryo donation, your child's story began with another family planning to have a baby. You may wonder if your child will have feelings of displacement similar to what some adoptees report. Or, carrying and giving birth to your baby may make embryo donation feel fundamentally different from adoption. Double donation — conceiving a child with both donated eggs and sperm — also offers the connection that comes with pregnancy, although you may wonder how your child will make sense of being conceived by two people who never knew each other. A single donation of either egg or sperm offers a genetic connection to one parent, which some feel helps root a child in the family. Yet each of these origin stories is complicated, making it essential that you feel comfortable with the story before you move forward. Long before being able to understand the story, your child can sense that you feel secure in the rightness of your decision.

Decisions like these abound worldwide

If you are taking a serious look at embryo donation and comparing it to other parenthood options available to you, you are not alone. The arrival of IVF in 1978 has led to a series of new paths to parenthood. Each one drew pioneers who took a careful look before moving forward into new and unfamiliar territory. Making the decision with patience, thoughtfulness, and information has enabled them to embrace and celebrate the families that they have built.

For more information

Regulations, rules, and costs of different paths to parenthood vary by state and other factors. These resources may help you track down information you need to make a decision.

Resolve

Source: Harvard Health Publishing

Popular Forex Trader has dropped an alarming revelation about STDs in Lagos, after returning from Qatar.

He went for full body check up and STDs are included. He pitied anyone living in Lagos who is not using c%ndom.

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Slay queen releases the message she received from a married man after refusing to visit a hotel with him after he paid N62,000 for her lunch.

The man said by her action, she is laying a c¥rse on herself because she can’t try this with everyone, since very one is not human.

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CrowdStrike (CRWD) short sellers made more than $373 million Friday after a defective update sent out by the cybersecurity company caused a global IT outage for Microsoft (MSFT) Windows hosts, according to research firm S3 Partners.

The global outage sent CrowdStrike shares tumbling Friday, with the stock finishing down more than 11%.

S3 Partners said CrowdStrike shorts were "the big winners" of Friday's incident, gaining over $373 in mid-day mark-to-market profits. In the same period, Microsoft shorts gained around $126 million, while shorts in the software systems sector were up $414 million one day mark-to-market profits on Friday.

The firm found that there is $48 billion of short interest in the systems software sector. Microsoft accounted for more than half of the the total short exposure in the sector, followed by CrowdStrike. S3 Partners said they expect to "see continued short selling in this sector."

CrowdStrike CEO George Kurtz said the company had identified the source of the outage and deployed a fix.

Microsoft shares fell less than 1% on Friday.

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A Nigerian man has said God is working, as he shows his transformation in six years.

The man shared the picture of himself in 2018 and how God has helped him as he also shared his recent picture.

Click to watch

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