Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
The $450 Iran War Tax on Your Paycheck
Episode 20 of Wages and Prices breaks down how geopolitical conflict directly hits your purchasing power. With the Iran war adding an estimated $450 per household in annual energy costs, Lucas and Luna examine wage data from the Bureau of Labor Statistics and the Fed's preferred inflation gauge to see whether paychecks can keep up. They crunch the numbers: average hourly earnings are up just 0.05 cents month over month, while core PCE inflation sits at 3.3%. The conversation explores the concept of a 'geopolitical inflation premium' and what it means for workers, especially…
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