Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Growing Faster Than Car Payments for the First Time
In Episode 37 of Wages and Prices with Fexingo, Lucas and Luna examine a surprising shift in household budgets: wages are finally outpacing auto loan payments. With average hourly earnings at $37.50 and new car payments averaging $750 per month, the ratio of a monthly payment to a week's pay has dropped below 4 to 1 for the first time since 2021. They dig into why this matters—and why it might not last, as auto loan delinquencies hit a 14-year high. A must-listen for anyone wondering if their raise is actually giving them breathing room.
#Wages #AutoLoans #CarPayments #Inflation…
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