Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Finally Beating Used Furniture Prices
In episode 88 of Wages and Prices with Fexingo, Lucas and Luna tackle a surprising inflation laggard: used furniture. While wages have risen roughly 7% over the past two years, prices for secondhand tables, sofas, and dressers have actually fallen nearly 12% since 2022, according to Bureau of Labor Statistics data. The hosts explore why a glut of pandemic-era furniture, a cooling housing market, and shifting consumer tastes have created a buyer's market for pre-owned home goods. They reference the latest CPI print of 334.0 and average hourly earnings of $37.60 to frame the affordability…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.