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
In this episode, Lucas and Luna dig into a shifting trend: after years of pay raises lagging behind car prices, wage growth is now outpacing the cost of a new vehicle. Using the latest data on average hourly earnings and new car prices, they explain why the affordability gap is closing, what it means for buyers and the broader economy, and whether the trend is likely to stick. From supply chain disruptions to changing consumer preferences, they break down the forces at play and what to watch in the coming months. If you've been thinking about buying a car, this is the episode for you…
The skinny
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