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 Used Car
Hosts Lucas and Luna discuss how used car prices, which surged during the pandemic, are finally falling as wages rise. They anchor on new data from July 2026: average hourly earnings hit $37.60, while used car prices have dropped nearly 15% from their peak. The hosts explore why this specific category matters more than others for workers' purchasing power, touching on supply chain recovery, interest rates, and shifting consumer behavior. They also look at how the Fed's rate hikes and a cooling auto loan market are reshaping affordability. A practical episode for anyone wondering if…
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