Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Finally Beating the Cost of Prescription Drugs
For years, prescription drug prices climbed faster than wages, squeezing household budgets. But new data from June 2026 tells a different story: average hourly earnings reached $37.60, up 2.5% annualized, while overall CPI dipped to 332.6 and drug price increases have cooled significantly. Lucas and Luna unpack the numbers, explore the role of generic drug tariff threats and falling import costs from China, and explain why this trend benefits workers but leaves fixed-income households behind. A data-driven look at the one area where your paycheck is finally catching up.
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The skinny
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