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
Episode 98 of Wages and Prices dives into a surprising milestone: wage growth is now outpacing the cost of new vehicles for the first time in years. Lucas and Luna examine the latest data on average hourly earnings, which hit $37.60 in June 2026, against a new-car transaction price that has plateaued around $48,000. They unpack why car prices stopped surging — think normalizing supply chains, rising inventory, and automakers offering discounts again — while wages kept climbing. The hosts also touch on the broader implications: what this means for household budgets, the Fed's inflation…
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