Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
How Your Raise Is Finally Beating the Cost of a Mortgage
This week on Wages and Prices, Lucas and Luna dig into a surprising twist in the cost-of-living story: after years of rent and home prices outpacing paychecks, the math on buying a home is finally shifting. With the ten-year Treasury around 2.3 percent and mortgage rates following suit, the monthly payment on a median-priced home is growing slower than average hourly earnings for the first time in years. They break down the numbers—from the employment cost index to the latest CPI reading—and explain why this isn't just a blip, but a structural shift that could change how workers think…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.