https://www.ft.com/content/7755c27e-40be-431d-b912-111f93a15da5
https://archive.ph/cSCMG
Thanks for posting this. Drives me crazy when although “inflation is over” because the YOY level isn’t rising the media acts dumb and doesn’t understand why the average person feels worse off than 4 years ago.
According to this the median household income has actually fallen since 2020 too.
Inflation is over when wages rise to meet prices.
Any day now
Indeed, there's a lot of obfuscation happening regarding the actual state of the economy as experienced by regular people. Another related statistic is that majority of people can't afford to cover a mere $500 emergency expense. This indicates that people are effectively working on subsistence wages. The employers are paying them just enough so they don't starve, and pocket the entirety of the profit the labor of the employees produces.
https://www.fool.com/the-ascent/personal-finance/articles/63-of-employees-are-unable-to-cover-a-500-emergency-expense/
