Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Disappears Into Insurance Costs
In this episode of Wages and Prices with Fexingo, Lucas and Luna examine how rising health insurance premiums are quietly consuming workers' pay raises. With average hourly earnings up just $0.05 from last month and median weekly earnings at $1,204, the April CPI shows overall inflation at 332.4 and core CPI at 335.4. But a new analysis reveals that employer-sponsored health insurance costs have surged over 8% year-over-year, effectively wiping out real wage gains for millions. The hosts break down the numbers, discuss why this feels like a 'double scar' for consumers still…
The skinny
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