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 New Car
New car prices are finally cooling after years of pandemic-era surges, and wages are still climbing. In this episode, Lucas and Luna break down the numbers: average hourly earnings at $37.60, new car transaction prices dipping below $48,000, and what this means for the average worker's purchasing power. They explore why automakers are cutting prices, how higher interest rates have shifted demand, and whether this trend is likely to last. Plus, a look at how tariff policies could affect import car prices later this year.
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The skinny
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