Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Feels Smaller Than Your Costs
Lucas and Luna dig into why workers feel like raises aren't keeping up, even when 3.3% core inflation seems mild. Using the latest PCE data from April and a new study on stimulus savings depletion, they explore how reference dependence and loss aversion explain the disconnect. They also discuss the 'vibecession' concept and why sentiment remains sour despite wage gains.
#Vibecession #Inflation #WageGrowth #CostOfLiving #ReferenceDependence #LossAversion #CorePCE #FederalReserve #RealWages #ConsumerSentiment #StimulusSavings #EconomicPsych #PurchasingPower #PayRaise…
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