Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
How Raises Are Finally Beating the Cost of a Used Car
In this episode of Wages and Prices with Fexingo, Lucas and Luna look at the surprising trend in used car prices. Despite a historically tight market, auction prices for used cars have been falling for months, while wages continue to climb. They discuss what this means for the average worker looking to buy a dependable vehicle, and why the shift might be here to stay. With average hourly earnings up to $37.60 and used car prices down significantly from their 2022 peak, the hosts explore how this gap is finally closing for consumers. They also touch on the broader implications for inflation…
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