Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
How Rising Rent Is Eating More of Your Paycheck Than Ever
Episode 26 of Wages and Prices with Fexingo dives into the single biggest expense swallowing wage gains: rent. Hosts Lucas and Luna break down why even with average hourly earnings up to $37.40, the rent-to-income ratio for new leases has hit a record 32.4% nationally. They explore the structural shortage of 3.8 million housing units, why new supply hasn't helped rents in high-demand metros, and how the Iran war's energy cost surge is compounding the affordability crisis. With Core PCE inflation still at 3.3%, this episode explains why your raise feels invisible when housing costs…
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