Treasury Secretary Scott Bessent said Thursday that wages are up for Americans nationwide but particularly for "Main Street workers" who have seen a 5.5% year over year boost as of the last quarter. "The truth is wages are up for Americans across the distribution, but importantly earnings growth for Main Street workers at the 25th earnings percentile was 5.5% year over year in the latest data this past quarter—more than three times the growth experienced by workers at the 75th percentile," Bessent said on X. "Median weekly earnings also rose a robust 4.6%, well outpacing inflation. "This marks a stark improvement from the loss of purchasing power Main Street Americans experienced during the Biden Administration," he continued. "The fact is, lower-wage workers are leading, median workers are gaining, and the pundit-driven K-shaped economy narrative does not hold up," he added.