Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Finally Beating the Cost of a Dog
In this episode of Wages and Prices with Fexingo, Lucas and Luna explore a surprising shift in the cost of owning a dog. While overall inflation has cooled — average hourly earnings are up to $37.60 and the employment cost index for wages rose to 179 — the cost of veterinary care has kept climbing, with pet insurance premiums rising sharply. But a new analysis shows that for many workers, raises have finally outpaced the growth in dog-related expenses, from food to vet bills. Using the latest data, they break down what's driving the divergence, why dog care is becoming more expensive…
The skinny
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